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Novagold

NG Technical Analysis and Prediction. AMEX:NG On Thursday May 28th,“Short seller” J Capital (j cap is their hip, self- appointed nickname) published an intentionally provocative report saying to short NovaGold Resources. It included a bunch of attention-grabbing sections (entitled things like Original Sin and Fool’s Gold), very clever... However, a rudimentary background check on Tim Murray and Anne Stevenson-Yang (principals at J Cap) shows that these two have virtually 0 credible finance experience or pedigree, let alone expertise in Alaskan gold mining. In fact, they were previously Cook Book publishers. Tim Murray has gone on record saying: “Equity research is not that different to publishing” and “I’d never really worked in but I had run companies, I knew how companies operated and I had been screwed in business in China every single way possible.” Their website cites zero in terms of track record/past performance, in addition to looking like a 3rd grader constructed it. Yet, nonetheless, the stock dipped over 10% based on their “research”. NG will be setting the record straight next week and responding to their claims. Billionaire Dr. Thomas Kaplan is going to author the response and discredit J Cap with it by the time he is done. Billionaire hedge fund manager John Paulsen bought NG in Q1’20. Over 55% of float is owned by institutional investors. Conclusion: Buy NG at market open on Monday to catch a rally to $10.19 and if it can break $10.19 there is a gap fill up to $10.36, which would indicate a great swing opportunity to $10.65.
AMEX:NGLong
by justinhendrixtrades
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