T1B

One year, no growth (actual loss, to be honest) was a bit much to stomach. The dip of 2.00 on the final day of ownership was the proverbial last straw. Replaced it with a combination of Intel and, once our ameritrade deposit goes through so we can use it on non-margin trades (long story), we're going to buy some Nevada Geothermal Power stock. Cheap stuff, yeah, but it's moved a bit in the last few weeks. Should be a good investment for a relatively price. I love the market. :)

p.s. In one day, Intel did better than cabella's did in an entire year. Sweet.

NGLPF. Nice chart since mid September. I might nave to join you if I free up a few funds.Good luck.

Did you get in, Trampis? It's not doing well in the short term. Like you said, however: it's doing well since mid-September.

No, I didnt get in but it is on my watchlist. Its funny, a couple of days after you posted about Nevada Geothermal a guy from another investors message board I belong too started talking about it.He seemed to think there was a lot of interest from institutional investors. I also remembered seeing an article in a farm newspaper or maybe the local newspaper about a geothermal plant that was in the works in S. Oregon. Ill keep watching,looks like an interesting company.

I've had a pile of Intel since 1995. Held onto it like a fool through the 2001 debacle. If you just look at the past 6 years it's a disaster, but overall since '95 it's not so bad.

Mikey wrote:I've had a pile of Intel since 1995. Held onto it like a fool through the 2001 debacle. If you just look at the past 6 years it's a disaster, but overall since '95 it's not so bad.

Mikey,

How many shares is a plie?

Every investor has held on to something way to long at one point or another.
The key is to keep track of it and take some profits whenever it looks like there is a change in the company / competition or overall direction of the market.

On a 3 yr chart, INTC is just now back to it's Aug. 2005 price peak, even if you had just sold 1/2 - in 2005, you could have bought those shares back at a 40% discount a year later.

Still watching NGLPF, its been up and down I think 3 times between 1 and 1.35. Guy had his crystal ball polished just right he could make a few bucks trading this thing. See if it breaks 1.35 this time.

KC Scott wrote:

Mikey wrote:I've had a pile of Intel since 1995. Held onto it like a fool through the 2001 debacle. If you just look at the past 6 years it's a disaster, but overall since '95 it's not so bad.

Mikey,

How many shares is a plie?

Every investor has held on to something way to long at one point or another.
The key is to keep track of it and take some profits whenever it looks like there is a change in the company / competition or overall direction of the market.

On a 3 yr chart, INTC is just now back to it's Aug. 2005 price peak, even if you had just sold 1/2 - in 2005, you could have bought those shares back at a 40% discount a year later.

I'll put it this way...over 500 shares. And it used to be more. So that means that what I still own is worth about $30,000 less than it was at it's peak.

:cry:

Mikey - BOA just downgraded INTC and the entire semi sector.
That said semi's as a sector are at 52 week lows and yet INCT is off about 10% from it's 1 & 3 yr. highs.

Looking at the chart, it's busted both trend lines for this year, and the volume picked up on the selling.
It should find support at the 24.05-24.35 range (the 200 DMA & also the 38% retracement of this years rally) back to test the 50 DMA at 26.25

One way to play it would be set a sell target for part of your holdings on the bounce back up over 26 - Risky, but you make a few more $
The other is to put a stop under the 200 DMA (I'd say stop at least at $23.70) and see if it can hold.
Of course the third is just watch it and do nada

I can't post the 10 yr. weekly chart but there is a lot of longer term money still trapped from 7 yrs. ago.
Those shares may have turned, but my experience with all the 2001 tech companies is they will never have the growth of a younger company making new all time highs.

In any case - good luck

http://biz.yahoo.com/iw/080110/0347272.html

Some news about NGLPF.OB put out after the close yesterday. See if this makes it break 1.35

Press Release Source: Nevada Geothermal Power Inc.


Nevada Geothermal Power Announces Approval of Environmental Assessment for Blue Mountain
Thursday January 10, 4:15 pm ET


VANCOUVER, BRITISH COLUMBIA--(MARKET WIRE)--Jan 10, 2008 -- Nevada Geothermal Power Inc. (NGP) (CDNX:NGP.V - News)(OTC BB:NGLPF.OB - News) announced today that NGP has received approval from United States Department of the Interior, Bureau of Land Management (BLM) for its Operations Plan and Utilization Plan for the Blue Mountain Geothermal Project. Approval is for lands located within the Blue Mountain Geothermal Unit Agreement area (which includes federal and private leases) and the rights-of-way for the electrical transmission line and power switching station.
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Based on the environmental analysis and Finding of No Significant Impact (FONSI), NGP is allowed to proceed with geothermal development operations. Work includes the construction of new well pads, access roads and temporary water wells for the purpose of drilling geothermal production wells and installation of production, re-injection, and fresh water pipelines in support of development facilities to operate a geothermal power plant.

"The 'FONSI' for our planned operations in the development of the Blue Mountain Power Project represents the culmination of 18 months of collaborative work with the BLM. Extensive environmental and cultural studies were completed and public input was obtained. The EA approval represents a major step towards the completion of the Faulkner 1 geothermal power plant, clearing the way to obtain the balance of permits required for construction," stated Brian Fairbank, President & CEO.

Blue Mountain, located 30 kilometers (20 miles) west of the town of Winnemucca, Nevada, is ideally situated for development. The proposed Faulkner I geothermal plant will require a 20-mile long transmission line over relatively flat, undeveloped desert land to a connection point located on the Utility's (Sierra Pacific) 120kV-transmission line north of Mill City, Nevada. The electric power is to be sold under a 20-year Power Purchase Agreement to the Nevada Power Company for up to 35MW of geothermal power. Phase I at Blue Mountain is expected to commence power generation in late 2009.