Novartis Stock: RTBKPL

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I prefer to focus on the double top below us @ 60 as support and am willing to give it a $1 float in case it's a false move and they get through it temporarily. Sure, 57/58 looks like secondary support but if they get there I think a retest of the 53 level is likely. I'll be waiting. I can buy it back if it holds 57 and turns back up.

Obviously, the soothsayers and crystal ballers all have their own opinions (not sure which one I am). RT is correct that analysts talk their position (or their companys) and rarely do their own leg work. NVS is a prime target for merger/acquisition (from either side) and the Takeda move only strengthens that outlook. Insider trading is alive and well - just like the 'good old boys club' - in corporate USA and beyond. People know things or hear things and can't keep their mouth shut. Everything is for sale.
 






RTBKPL said:
I'm fine with using stop loss orders, set a bottom and go with it, adjust your position as necessary. I do not see the strong buy indicators that some of the analysts see. Eight with strong buy recommendations and one with a sell? Perhaps they have info to which I am not privy. While the cash and diversification situation of Novartis looks favorable, I just don't see the same upside potential, I have been wrong before. The open market theory seldom exists and analysts are rarely held accountable for their mistakes. As they say, past performance is no guarantee of future performance.

Never let the bastards get you down.

RTBKPL
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Perhaps they have info to which I am not privy? RT, while you might be active trader, are you claiming expertise in stocks as well as all your others areas? Maybe you are a god: not "the" God, but a god.
 






Anonymous said:
Perhaps they have info to which I am not privy? RT, while you might be active trader, are you claiming expertise in stocks as well as all your others areas? Maybe you are a god: not "the" God, but a god.
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I;m sure they have info to which none of us are privy. I find his comments to at least be reasponable. I agree with his position on Novartis.
 






My financial analysit agrees with RT also--maybe he is lucky but he seems right on with this. Perhaps the naysayer should just hold on to his stocks and not worry what others are going to do
 






Does your FA do his own research? Does he actively follow the technical analysis (charts) of NVS? My experience is most analysts talk their company position.

This 'naysayer' has done pretty well with his NVS position over the last 5 years. I sold 61 in '07 (my initial stock offering), bought 38 and sold 54 in '08 - '09, bought 48 and sold 57 in '10, and bought 56 in '11 which is the position I am now holding on to. Technical indicators show 65-66. I'll be out @ 59ish on the way back down if I'm not right....then I'll look to buy 54 (if it gets there) with a stop at 52 or 60 if it bounces back up with the eventual target of 66 still in mind. Maybe it adjusts higher from there, maybe not.

30 years of trading tech indicators has been very profitable for me (in many stocks )- the key to it all is DISCIPLINE. You get into a trade with a 'get out' point on the loss side. It is all risk/reward. Admitting you are wrong is against human nature, and the cause of most failed trades.
 


















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