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NCP Market Commentary 2002-01-07
Hooboy! NCP opened at 15.50 and hit a high of 15.70, just short of my 3% target. So do I dare hold until it has a down day? Talking to some traders hanging around #ipchat, I’ll hold until it closes down. Hope I’m not being too greedy, small gains saw me make 35% ROI over…
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Buy 1700 NCP @ 15.28
Why? 2.5% fall from previous peak close of 15.675 on 28 Dec 01. The stock went up then down to close at 15.209. Last trade was 15.22. I feel pretty foolish but I don’t try to pick tops or bottoms. There are three potential exit strategies: sell for +2.5% (15.66); or +3% (15.74); or sell…
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Psychology of the Deal
Welcome to WealthEsteem — dedicated to the Psychology of the Deal. What does WealthEsteem mean to you? These are my musings on wealth creation, written during the quest for my second fortune. If my ideas work, great! See you in Monaco sipping Cosmopolitans. If they don’t, it’s a map of my folly. Hoist a cool…