Exit Triggered on NVE Corp (Ticker: NVEC)
On Friday my longest trend following indicator signaled a sell on NVE Corp. (Ticker: NVEC). The chart above shows a 5-13 moving average crossover chart I also watch as an earlier indicator, which had signaled a few days earlier. A worthwile future project would be for me to study exit strategies that would get me out without giving such a large percentage of profit back. But, for now anyway, my biggest position is cash, a situation that always stimulates more research for the next great trade. Now that November has passed, here are our other positions and their returns:
Comapany Ticker Gain/Loss
- EZCORP Inc. (Ticker: EZPW) up 10.44%
- CarMax Inc. (Ticker: KMX) up 26.59%
- iShares Silver Trust (Ticker: SLV) up 10.53%
- StreetTRACKS Gold Shares (Ticker: GLD) up 3.33%
- Central Fund of Canada Ltd. (Ticker: CEF) up 8.33%
posted by Greg @ 12:14 AM
3 comments
3 Comments:
Greg: Nvec was removed from IBD 100 also plus their Freescale licensing deal that Baker touted looks dead because Freescale closed their $17 billion buyout and there is no license deal for Mram.
Should we sell NVE while it rebound above $40 recently?
I remain positive on the companies future and I'm looking to get back in when it resumes its uptrend, which could happen at any time. I like the way the volume has dryed up as it has drifted down recently.
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