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Post by huh on Oct 8, 2013 11:38:29 GMT -5
NBG lost that 4.90 support (50% FIB for rise of last 2 days).
I'll be really PO'd if this does turn out to be like 05/20! (I still don't think so though).
Another buy order in for 4.73.
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Post by huh on Oct 8, 2013 12:45:23 GMT -5
In the very near term, NBG has a confluence of FIBs at 5.06. That's the next resistance.
Looks like the consolidation area will be 4.90-5.06. A break either way would be the move to chase IMHO (again, only in the very short term).
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Post by maxi on Oct 8, 2013 13:34:46 GMT -5
NBG lost that 4.90 support (50% FIB for rise of last 2 days). I'll be really PO'd if this does turn out to be like 05/20! (I still don't think so though). Another buy order in for 4.73. You are playing it the same way I would. But those 4.90's seem to be sticking...
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Post by huh on Oct 8, 2013 14:10:28 GMT -5
Moved buy down to 4.70. Small adjustment but see a downside target around 4.68/4.69.
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Post by maxi on Oct 8, 2013 17:42:55 GMT -5
Moved buy down to 4.70. Small adjustment but see a downside target around 4.68/4.69. There was actually a trade in the after hours session for 4.60. for 3000 sh. and 3000 at 4.61 same at 4.64...... Cracks me up when people dump for lower than the session low. I usually have bids in for that but I did not this time. Price is presently 4.85. Wonder who will be happy and who will be sad tomorrow! I interpret that kind of action as panic selling which to me is bullish.....
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Post by huh on Oct 9, 2013 8:43:29 GMT -5
The patterns of the last 2 days in NBG look like a top. Thought about selling it on that gap-up this morning, but going to stick with it a bit.
Everything seems to indicate back down to fill that 4.20's gap.
But maybe that's what they want us to think. Right?
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Post by huh on Oct 9, 2013 10:05:59 GMT -5
Nice action, and goes to show how reliable patterns can be sometimes - especially in the very short term.
I may start to adopt more of Maxi's type trading, especially on these lower priced stocks.
Get over 5.31/5.32 and may really see it pop to life.
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Post by maxi on Oct 10, 2013 14:56:16 GMT -5
I guess over in Greece and those other far off lands they don't give a flying pluck what is written on Seeking Alpha and The Street.com....... LMAO NBG
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Post by maxi on Oct 10, 2013 14:59:19 GMT -5
Oh and all these guys are wrong too .... right? Large filers
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Post by huh on Oct 10, 2013 15:00:02 GMT -5
Yeah, NBG is so disconnected from our markets as well. But sometimes that can be a good thing!
Sure looks like it wants and needs to pullback. But if it were to somehow get back over 5 after this little pullback, that would set-up a bullish play. I'm not optimistic for those reasons showed yesterday, but you never know.
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Post by huh on Oct 10, 2013 15:28:18 GMT -5
I got filled on an AH's sell on NBG at 5.
I might regret that for such a small gain. I placed it really thinking it wouldn't get filled, but figured WTH.
If it pops tomorrow I'll be figuring WTF!
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Post by maxi on Oct 10, 2013 16:45:26 GMT -5
I got filled on an AH's sell on NBG at 5. I might regret that for such a small gain. I placed it really thinking it wouldn't get filled, but figured WTH. If it pops tomorrow I'll be figuring WTF! Okay now that it is after the fact where did you buy it? And really how many shares? Are you just trading so it at least was a few thousand shares? Really curious how others manage their money. Me I don't sell for 1-2 percent anymore...
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Post by huh on Oct 10, 2013 17:03:41 GMT -5
Had my buy posted here fazination.proboards.com/post/20675/threadBut it was only 4.91. Not even a 2% gain. Normally I wouldn't sell for that small a gain. But I didn't like the action today around that $5 mark, especially for the reasons I showed in the chart yesterday. I think it could visit that 4.64 area. And I'm striving real hard to have no losing trades - break even at worst. And here's my thinking, if I'm lucky enough to buy it at 4.64, I buy twice as much there (since I was looking to average in anyway). That combined with the tiny gain would give me a cost average ~4.61. That would let me play that major support at the 50 FIB and the bottom of the channel risk free. If I already had your cost average (I don't know where it is, but I know it's lower than that!) I wouldn't even bother playing it that close. If I'm wrong, I can always happily chase. Unfortunately I'm already late to the party (obviously). But this is still trading under 50 cents pre-split, and I'd be happy to have anything under $1.00 (now $10.00) for the long term.
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Post by huh on Oct 10, 2013 17:32:37 GMT -5
And here's what I'm seeing technically.... The last 4 days have been consistently rounded-like tops, getting smaller and smaller (lower highs). All of this within a pennant formation. Now that pennant would be bullish if the price didn't break below it. But since it did, there is a possible target ~4.40. That also happens to be the price it gapped up to on 10/4. Had it closed above that lower pennant line, >5.00, I wouldn't be worried about it. Maybe I'm totally wrong. But sometimes these little warning signs play out. Same type of rounded top like action in all the indices for 2 weeks before the bigger drop we saw on Tuesday. In the larger picture, maybe this all means nothing. But since I'm late to the party, I still have to watch that smaller picture for a bit yet.
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Post by huh on Oct 11, 2013 11:59:39 GMT -5
Canceled my bids for NBG for today at least. Doubt very much it would hit there today, but wouldn't want it quite yet if it did.
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Post by maxi on Oct 11, 2013 12:06:57 GMT -5
Canceled my bids for NBG for today at least. Doubt very much it would hit there today, but wouldn't want it quite yet if it did. I now like your 4.60 area fwiw.......
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Post by huh on Oct 11, 2013 12:23:11 GMT -5
Canceled my bids for NBG for today at least. Doubt very much it would hit there today, but wouldn't want it quite yet if it did. I now like your 4.60 area fwiw....... I'm seeing 4.64/4.65 for the 50 FIB and channel support. What concerns me is that 4.42 - that would be where it gapped up to, the 61.8 FIB support and where that possible failed pennant points to. BUT - failed pennant targets are extremely iffy for targets.
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Post by maxi on Oct 11, 2013 13:39:51 GMT -5
3 month fib
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Post by maxi on Oct 13, 2013 16:18:30 GMT -5
NBG stock prices. The dates are screwed up because of Goog translate so some of them have the day first and some the month first Athens Exchange.pdf (122.68 KB)
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Post by huh on Oct 14, 2013 8:20:52 GMT -5
Looks like NBG is worth holding even as a hedge to our markets. Up nearly 4% in PM with futures down - after being down the last 2 days while the markets moved up.
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