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Message: Re: nak/ndm - Klaus

Feb 25, 2010 09:57AM

Susan, I'm no geologist and I do not pretend to understand the mining & environmental issues surrounding the property. But I do understand politics - this resource is too large to not get exploited. It will get mined - it's just the timing that's uncertain. That's pretty much the extent of my fundamental analysis on NAK.

Technically, I like it very much. It's behaving extremely well in what has been the worst sector (PMs) during the last few months. To me, that speaks volumes. As for adding to my core position, I'm still looking for a short term entry point. I was expecting it to pull back further into the 8.25-8.50 range, but it hasn't done that yet. A buy signal on the hourly chart is close, but for me, it's iffy because it's too far above my target range. I may buy a small amount if it gets above today's high (8.92), but I won't go all in unless the PM sector has a reversal today [it might - but it's best not to anticipate].

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