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I think both I and familyfund2 got our questions answered today (Re: NLS)...

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January 05, 2011 – Comments (1) | RELATED TICKERS: NLS

Just a couple of weeks ago (on 12/23/10), I had a post ZLC, you piece of junk telling people how ZLC had an incredible +145% run since the chimpcontest #2 ended back in September of 2010 (ZLC was my pick for that contest and finished third from the bottom of the list).

In that post family fund ask the following question: 

#3) On December 23, 2010 at 10:49 PM, familyfund2 (38.10) wrote:

I used to think you were a 'momentum chartist', but am beginning to believe you are quite a bit better than that. Now what about that NLS call? think it's finally ready?

 

And here was my answer:

#5) On December 24, 2010 at 10:13 AM, dragonLZ (99.64) wrote:

familyfund2, I think I'm indeed a momentum chartist as I still make my decisions based on short term charts (1 yr), but I've noticed that many times my picks actually underperform short-term, and out perform long-term (or in other words: my timing stinks).

I'm so glad you asked about NLS. Less than a couple of weeks ago, I wanted to blog about NLS.

I wanted to post NLS' chart and say, "If soon NLS gets over the $1.75 bump in the chart that was put in November, I think that might be a sign of NLS finally coming back."

As you can see, NLS got over that $1.75 very fast.

I'm thinking about putting real money (small amount) in NLS at this time, but I have to admit, I'm a little scared.

What intrigues me about NLS is that many of my picks that I made in April of 2010 (right before the market took a nose dive) have come back, but NLS has not.

Does that mean I was wrong about NLS or does it mean NLS is just a step behind and now is the time to put some real coin in NLS?

We'll see.

______________________________________________________________________

Now, I know it might be too early to make any conclusions, but after today's 23% jump in NLS's share price, I can't help but think both of our questions got answered (familyfund2 asked "Is NLS finally ready?", and I asked: "Is now the time to put some real coin in NLS?")

At this point all I can say: Well, we'll see... :)

1 Comments – Post Your Own

#1) On January 05, 2011 at 5:05 PM, dragonLZ (99.38) wrote:

Here is a pitch for another low-priced stock from my portfolio that had a 20% jump today:

http://caps.fool.com/Pitch/MAG/5208228/is-magneteks-mag-todays-15-mov.aspx

I think MAG has a good chance of doubling this year.

p.s.

And here is my pitch for NLS:

http://caps.fool.com/Pitch/NLS/4790296/no-your-initial-thought-is-not.aspx 

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