NGD - Never say never

Submitted By Gary Tanashian

I own some NGD in my core because I transitioned in to this developing intermediate producer through my shares of the former Metallica Resources (MRB). MRB was a stock I owned and traded from 1 to 6 or 7 or whatever it was at the time of the merger. I had a lot of shares back in those heady 1 buck days and reduced to a core hold position as the stock rose. Anyway long story short, I no longer owned a lot of it but would not be without it either. Over the last few weeks I have been noticing the H&S top-like pattern develop and damned if NGD didn't disappoint the market with earnings just like AUY, GG, JAG, and a host of others. The point is I said "no way that can go to the target of 4, can it?" It can, and I puked in my mouth and added to my position @ 4.67 today. If our bull is over, it's over. I don't think so though and putting my money where my mouth is has worked on days like this thus far. HUI 350's? Wow. If Huey follows its similar pattern to the above NGD mess, well I wrote the target this morning. I didn't believe NGD would get down there.



Did you like this article?
 

Related Videos