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Playing the Ponzi
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Why “Playing the Ponzi”? I view the entire monetary and financial system as something of a Ponzi scheme. Starting with currency that is created as debt, and running straight through a global economic model that is based on infinite growth in a finite world. This won’t end well. I’d go a step... More
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Playing the Ponzi
  • Small Cap NEI poised for breakout? 0 comments
    Jan 12, 2012 2:04 PM | about stocks: NEI

    I once owned Network Engines stock (it traded under NENG back then).  Over the years, I've continued to check in on it periodically.  I think the current CEO, Gregory Shortall, has done a decent job of turning a steady profit in a low-margin business.  He has moved them towards cloud computing with their application development.  But none of that matters much.  I don't typically buy companies because of their story.  I buy stocks because I like their chart, and NEI has set up a pretty interesting Cup and Handle pattern over the last 2 months:

    A move to 1.35 or so would take it above all resistance.

    Stocks: NEI
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