NVE Corp. (Ticker: NVEC) – A thing of beauty

If you’re into stock charts, you’ve just got to love NVE Corp’s. I mean, the latest chart action resembles a bottle of champagne just un-corked. It’s a thing of beauty. That is unless you’re a particular staff writer for The Motley Fool, whose ad line is “To Educate, Amuse & Enrich”. In an article dated October 19, 2006, titled “Turn on NVE: Fool by Numbers”, the article says “Fool contributor Stephen Ellis is less than thrilled with the story behind these numbers, even though the stock closed 20% higher Thursday”. Apparently traders don’t care if Stephen is “Less then thrilled”, as they’ve continued to bid NVE Corp’s share price higher on heavy volume. In fact the share price is higher by some 34% in the last three (3) trading sessions. Instead of pointing out NVE Corp’s drawbacks, Stephen should learn how to read stock charts. He might have bought the stock and be better then “even Stephen”. Okay, sorry, I couldn’t resist.