January 26, 2011

NVEC Long on Technology to Win the Future with...

I entered this trade on Monday and promptly got walloped. I've given up on with stops with TD Ameritrade, so decided to stick it out, as this was really an emerging technology play not an active trade. I only closed my previous position because of TDAmeritrades dishonest brokers selling my position for under what it was trading at. They still haven't got back to me on that one.

Fortunately after the week in the doldrums and way too far into the red from my point of view, it bounced up on strong earnings and good volume. Maybe it was the State of Union speech last night that gave the market the boost today. NVE Corp is the sort of company that if they get their technology off the ground, it will become a decade dominating game changer and let the USA 'win the future'.

No comments:

Post a Comment

FIDSX 5.2% in 31 days