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NOVN

 
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n7kon



Joined: 09 Oct 2004
Posts: 52

PostPosted: Sat Dec 11, 2004 11:56 pm    Post subject: NOVN Reply with quote

NOVN: I am looking at opening a position on NOVN on Mondays open. Big bullish engulfing pattern Thursday then a gap up Friday. With Friday’s flat market I did not think the small candle spinning top would not be a bad sign. The only bad thing I see is small volume on the stock and first resistance is about $17.50. If it makes it through that it should be good to $20 at that point. Anyone see more or less on this one. I am looking to do the Apr $15 call, if the stock moves to 20 in about 30 days that would be a 75% return.
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tab321
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PostPosted: Sun Dec 12, 2004 12:34 am    Post subject: NOVN Reply with quote

NOVN should be a good trade with its Morning Star Signal that came about a couple of days ago. It should run up to the 20 Day pretty easy which is just below 20. As a stock, I think it is a buy. Cannot comment on Calls - never done any options.

Good luck and thanks for telling us what you see

TBeard
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