NAL - Norwood Abbey

[tarnor]

Strong break out after being severely over sold on heavy down trend?

Finished on its high todays, could push up to test upper 80's tommorow?

anyone opinions?




I hold..

 

[tarnor]

Re: NAL loooking good

grrr can't post chart

 

[Joe Blow]

Re: NAL loooking good

grrr can't post chart

I'll post it for you!

 

[tarnor]

Re: NAL loooking good

Having trouble cutting chart down under the k limit. think i got it this time
<edit> aww yours is prettier

 

[GreatPig]

Re: NAL loooking good

Tarnor,

If you post images as GIFs rather than JPEGs, they'll usually be both clearer and a lot smaller.

Cheers,
GP

 

[tarnor]

Re: NAL loooking good

Thanks greatpig i think i've got it sorted now, unlike my nal predictions

Nal dropped back a little today, monday will be interesting i'm still expecting upper 80's next week, pure speculation of course

 

[tarnor]

Re: NAL loooking good

Well looks like my last prediction was pretty off the mark with nal, it didnt break through the resistance at 80c and has fallen back hard.

I'll post a graph but it now very much looks to me like this is forming a classic double bottom and could potentially go quite bullish

or it might just push back to the support at 40c from over a year ago as other people have speculated.

Does anyone else have an opinion from a TA perspective? any guesses on where this is heading?

 

[brerwallabi]

Re: NAL loooking good

Can't see anything to encourage me to buy I watched it go up and then back down - I used the word watch remember. It looks like it might test 60cps, right now I (thats me) would not be buying but as you say it could rebound from 60cps shortly.The charts I'am looking at show evertything going down can't see any buy signals right now and this has been downtrending for a full 12 months with some occasional opps to make a quick few bucks. Worth keeping a very close eye on though.

 

[tarnor]

Re: NAL loooking good

nice buying today, I would have taken a punt funds permitting

o well, hope it goes back down so i feel better hehe

 

[brerwallabi]

Re: NAL loooking good

Well sometimes you can I get things wrong, definately missed the boat on this today,(nothing told me buy) but then the lunch I had was worth it. This still does not turn me on at the momment but will certainly keep watching it closely.

 

[banjo_pete]

been told to get a few under 75c, news around the corner. me thinks

always do your own research

 

[banjo_pete]

Re: Nal great buying under 75c

Put NAL on your watch list tommorrow. It should be a good couple of days for them.

 

[tarnor]

Re: Nal great buying under 75c

NAL starting to look good.

Not so dissapointed you thieved EMS off me for the stock picking comp now .

looks like it's bottomed, should hopefully getting going now. Seem to have similar taste in stocks..

 

[profithunter]

Re: Nal great buying under 75c

Whats the story with nal..have you got some inside info Banjo?

 

[banjo_pete]

Re: Nal great buying under 75c

just put it on your watch list for a week. as i said good buying under 75c imho.

 

[tech/a]

Re: Nal great buying under 75c

Just a few technical observations.
Plus the Taxi driver reckons buy!

 

[banjo_pete]

Re: Nal great buying under 75c

it has seen a small breakout, as i said b4 good buying under 75c, ride it and short it.

 

[TjamesX]

Re: Nal great buying under 75c

An interesting research report on NAL;

http://cohenresearch.com/reports/nal_01-27-05.pdf

their analysis puts a valuation at worst case of $0.81 and best case a lot higher. I have had a look at the website of the report writer - I believe they were paid by NAL to write the report, possibly to assit in raising more money.

http://cohenresearch.com/reports/

Another interesting point, the same firm produced a research report on another Aussie biotech (Metabolic, MBP). The release date was 01-07-04, have a look at the price spike on MBP share price after the 1st of july

I do not hold NAL shares, I am currently considering buying the rumour

 

[TjamesX]

Re: Nal great buying under 75c

More info from the report writers site;

Our performance on all companies that have received written research coverge is:

Marked to market: +58.7%
Within 30 days after initiate coverage: +38.2%
Report date to high price during time period: +200.2%

Market hasn't looked too kindly on it today though?? mmmmmmmmmm

 

[skin]

NORWOOD ABBEY NAL - good results

NAL on a nice rebound with promising results to new non invasive eye treatment. Securing sufficient capital and contacts in US for future developments. Keep an eye on this one. :