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Well the crisis that is occuring in the Financial system, things not seen since the last depression in the 30's is scary, and the resulting melt down in the stock market is not helping NNRI. NNRI is a speculative stock and in very uncertain times like these are, most people shy away from speculative stocks, most want to be in cash or blue chips. Hopefully NNRI can hold up, but boy the rest of the market sure isn't helping any for sure.
thanks, but that's not why I'm here, I own NNRI and a few from my website own it as well so I feel obligated to post charts etc. Boy I wish I could go to the meeting, let us know if you go, take a small recorder that you can fit in your pocket. Also stop by Richard Crockets Flat and take some pics for us lol.
yes nice questions kingthorpe, I read your questions/responses last night, covered my thoughts as well
If you are banned from Stocktiger, you can use the following proxy site to view Stocktigers website and the message board: this works well. Just insert the web address in the 'Surf Anonymously box
http://www.tilth.info/
Well, all I know is that if I change my IP address via using a proxy site, then I don't get that page. Must be the case, unreal.
When I go to stocktiger.com I get redirected to this page and it is blank:
http://stocktiger.com/bl.php
Does anyone else see this?? I wonder if the bl means blacklisted?
Here's a new chart, enjoy your weekend, looking better; basically the original broken downtrend line I drew was backtested as well as the previous low. Positive divergence setting up again as well. Main resistance is the downtrend line. Would like to see CMF go green again.
Again lots to prove still and not out of the woods, needs to give over the MA's and downtrend line with CMF going up, also must hold 0.60.
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=10&dy=0&id=p99193255675&a=109981374&listNum=39
rolandb, In response to your comment:
"It is strange that some supposed longs here just keep on trying to talk the stock down."
come on get real...
Longs aren't here trying to talk the stock down, they are simply real people who are simply concerned and not happy that they own NNRI at substantially higher prices. No one is selling the stock because of the posts here. Message boards aren't a place for only 'rah rah go go to the moon' type of one sided talk. Message boards are also a place to vent frustrations and ask questions. Even if I'm bullish on the company, I should have the right to say, hey the stock price sucks, without having to worry what effect my post will have, but anyway no one's selling stock because a Long vents some frustration. You make it sould like if we are bullish, that we should be very careful (like walking on thin ice) what we post on the board becasue it might scare people into selling? Again, no one's selling stock because of these posts.
Yes it needs news, it's only going to move up on news, contracts, audits, earnings, etc. The chart only means so much at this point and the general market (which is in a bear market) does not help things. When the market is really bad, people are not as willing to hold speculative stocks. We'll see, I really dont' want it do test 0.50 or lower. Too many of us own this at higher prices.
yeah meant higher low, typo. Well the good trusy CMF, when that went negative was a warning; The CMF went negative on Monday. It's worked well in the past and shouldn't have ignored it this time. Oh well let's see if it can at least for a higher low and not break to new lows, the big sell off in the market isn't helping.
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=7&dy=0&id=p24485879904&a=109981374&listNum=39
NNRI chart comments:
Feb 29th:
NNRI fell below the 20 EMA, I didn't like the negative CMF early in the weak. However on the plus side, volume is VERY low. As long as volume stays low and NNRI forms a lower high and bases everything looks fine. There appears to be some support at 0.72
For the bulls, we want to see the fast 13 EMA cross over the slower 34 EMA. These are both Fibonacci #'s
We'll see, obviously the general market (which is in a bear market) isn't helping things
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=7&dy=0&id=p24485879904&a=109981374&listNum=39
Wow, only 2000 shares traded so far today
Yep PUSA, good point.
CMF goes negative, somewhat conerning but for now NNRI holds up well. As long as it doesn't make a lower low it's fine, here's a chart
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=7&dy=0&id=p65913177404&a=109981374&listNum=39
lol don't bring up those old 60's movies.
NNRI chart, consolidating near the 20 MA so far
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=7&dy=0&id=p65913177404&a=109981374&listNum=39
Wow you had some good money on paper in AOL! Happened to lots of people.
Now let's see where NNRI finds support on this pullback, hopefully on top of the 20 EMA or at least form a higher low. Obviously the general market action is not helping things
Hey king, I also sent you a private message to take a look at
king - volume is light, and as you said, NNRI has been up 5 days in a row, so it's only normal to have a little rest here. I don't see any negative divergence on the 60 min chart, therefore everything seems healthy, thus far today is healthy consolidation after 5 up days. Again to confirm some kind of break out, I'd like to see NNRI close above the 20 EMA, it's still below the 20 EMA, therefore at least a close of 0.85 cents or higher. Of course would be nice to see a close at 0.90 or above yesterdays high.
But agian so far nothing wrong or alarming about todays acion.
That's weird, I see the yahoo message board?
http://messages.finance.yahoo.com/mb/NNRI.PK
Yep we all want the same thing, good luck to us all, looking foward to see what happens on Friday.
For Bollinger bands, the mid line is the 20 day simple MA (0.83 cents), I'm using a 20 day exponential MA, which is 0.85 cents.
It's really funny that we are arguing over 2 cents lol. Anyway let's see what happens tomorrow.
ABDUL We closed right on the 20 EMA, but looks pretty good here, hope for some follow through on volume, see the Feb 14th comment on the chart.
NNRI chart, I bought a little today, let's hope we see some follow through tomorrow.
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=6&dy=0&id=p79603599858&a=109981374&listNum=39
NNRI Chart, again needs to get over that 20EMA for some type of technical reversal. I'll let you guys hash out the fundamentals and everything else with the company, I'll hash out the chart
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=6&dy=0&id=p23910795745&a=109981374&listNum=39
Excelent website/resourse, thanks for the link ST, I bookmarked that one!
I like 'Encyclopedia of Chart Patterns' by Thomas Bulkowski. It goes over each of the major chart patterns and gives you statistics such as the reliability of each of the patterns, the failure rate, the average percent return, etc. The book that Johnny mentioned is a good overview of the patterns, but this book is useful becasue it gives you statistics along with a great description of each of the patterns.
Hey I'm not perfect either I did it too, I broke my normal trading rules with this stock. At least I didn't sink that much money into it, but still sucks.
sonic - I only have money that I can afford to lose in NNRI, therefore NNRI could go to zero and it would not affect my trading account. However, I still have some shares that I bought at a much higher price that I rode down which I am not happy about. I'm very mechanical in my trading approach, however with NNRI I held some shares longer than I should have.
Again this is what bothers me about the concept of a story stock; it causes you to ignore and deviate from proper money management. For story stocks I think we should give much wider stops, however there is a price at which one should sell and reevaluate.
I know there is a lot of people who say that charts don't mattern with pink sheet stocks like NNRI, but I beg to differ. The stock has broken down technically so many times and so how has it now worked?
Currently it's obvious that the 20 day MA is resistance as it keeps getting replelled by that MA each time. I may look to avergae down when NNRI can break the 20 EMA on good volume, but for now I'll just watch it.
Wow, 200K shares!! Yes money that one could afford to lose should only be placed into stocks like this. I hope evereything works out for scorry and for all of us.
Well another crap day
I'd rather wait for a close over the 20 EMA. My point is that I'd rather pay a little higher price with more certainty that the trend has reversed than buy here with the possiblity that it could just continue to drift lower.
Probably, hopefully it says in this range or goes sideways
NNRI still needs to get over that declining 20 EMA, which has now stopped price advance 4 times, here's a chart
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=6&dy=0&id=p23910795745&a=109981374&listNum=39
well so for not follow through; the day is young so hopefully that will change, but everytime I buy this seems to happen lol
lolol yep it is funny how one nice day in this stock cam make one feel a lot better! Hopefully more to come. I like the potential of the company, and hopefully a year from now we can all laugh at these old posts when we were all so concerned!
Yep good luck to us all! However if NNRI rallies again tomorrow and clears that MA and the volume is nice, then I'm buying more. Let's see what happens tomorrow, we need follow through.
Well we'll see....However I think the chart finally looks compelling here and I'm willing to take a shot here!
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=6&dy=0&id=p69739637539&a=109981374&listNum=39
I bought some NNRI today finally, here's a new chart.
The 18 and 20 day MA are acting as clear resistance, there is also positive divergence now via the MACD and the CMF is green and volume was nice today. I see that Stocktiger adopted my CMF on his NNRI chart on his message board however I'm stil banned from his site lol. Maybe I should call him and beg forgiveness?
Anyway, if NNRI can close above that 18/20 MA I'll buy more especially if the volume is good.
Here's a chart
http://stockcharts.com/h-sc/ui?s=NNRI&p=D&yr=0&mn=6&dy=0&id=p69739637539&a=109981374&listNum=39