Thursday, November 01, 2007

OUT OF NBG, BUYING SNHY

So I have to admit I got out of NBG right before the close yesterday because I saw $14 as a point where the stock may take a rest because it was near the top of a trend line. (Click on the chart to the left to see what I am talking about) I was happy with the return that I had so I decided to take profits. I am glad I did. Today it opened down and sometimes it pays to draw these trend lines.

Here are the transactions for NBG in my retirement account.

10/31/2007 NBG SOLD 100 SHARES OF NBG AT $13.81 $1,380.97
10/31/2007
NBG SOLD 1000 SHARES OF NBG AT $13.83 $13,829.78
10/31/2007
NBG SOLD 433 SHARES OF NBG AT $14.00 $6,054.90
10/31/2007
NBG SOLD 292 SHARES OF NBG AT $13.81 $4,032.45
10/31/2007 NBG SOLD 100 SHARES OF NBG AT $13.83 $1,382.97
10/31/2007
NBG SOLD 275 SHARES OF NBG AT $13.83 $3,796.19
10/31/2007
NBG SOLD 100 SHARES OF NBG AT $13.83 $1,382.97
10/31/2007
NBG SOLD 100 SHARES OF NBG AT $13.83 $1,382.97

10/18/2007 NBG BOUGHT 105 SHARES OF NBG AT $12.4499 ($1,314.24)
10/1/2007
NBG BOUGHT 95 SHARES OF NBG AT $12.81 ($1,223.95)
9/27/2007
NBG BOUGHT 1100 SHARES OF NBG AT $12.9199 ($14,211.89)
9/27/2007
NBG BOUGHT 100 SHARES OF NBG AT $12.9199 ($1,298.99)
9/27/2007
NBG BOUGHT 1000 SHARES OF NBG AT $12.93 ($12,937.00)

I did buy more GPOR since I see it sitting at more "support" and added more shares at $21.74. Let's see if this one pans out. I am also interested in this stock since oil prices continue to climb.

I am also buying SNHY since it is near "SUPPORT" after what I believe is to be a "cup with handle." If you click on the chart you will see that a cup with handle is forming and a support trend line drawn on this chart confirms this. Remember, this is MY presumption that it is at support. The market may prove me wrong, but I am a believer.


Good luck trading.
JD

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