On April 19th 2011, i blogged about NOL and it's long waited rally. Although during that period of time, NOL did rally, the speed of increase and the rallying power was not what i expected. The rally only went on a few cents before draining down further. In that situation, if one were to hold this stock, he/she should be alerted and either take a small loss or take a small profit and listen what has the market got to tell us before making another buy/sell call. Welcome to the stock market and chicanery operations by the big players. You've got to have sharp, alert and mindful sensory feelers in order to be successful and profitable in the long run.
Today's action tells me that the big players finally revealed their true colors of the past few days last week by pushing prices up. It tells me they certainly need public participation in order to get prices higher so as to unload and take profits. If that is the case, the public like us will then need to follow the big boy's instruction by purchasing this stock so that they can continue their operation to release at a much higher price and we shall profit from them. To trade this stock now, we shall buy on reaction and not chase the rally. I had attached an illustration of how the big boys carry their secret buying agenda for your reference.
Ronald K
