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MRIB is looking very strong. This thing is going to run multiple pennies soon.
Getting ready to run hard!
looking good here!
I got in MYEC at the high of last summer. Finally good to be green again and at the start of a major breakout!
As John Maynard Keynes once said, "the market can remain irrational longer than you can remain solvent."
This chart is looking really nasty. It closed below the 200MA and I think it will be going further south.
I have been in NTEK for almost a year, but I got out today. I believe in NTEK as a company and think that, fundamentally, they are lining everything up and doing incredible things. That being said, the market simply doesn't care right now about those accomplishments. Everyone in the market, including the bashers, knows that the NP-1 is coming out soon. I'm not sure that the NP-1 being available in a few weeks on NTEK.com or other websites will make that much of a difference in PPS. The market knows the projections for this year, they know the NP-1 is trickling into consumers hands. They know about 4K studios, etc. Despite that, the market is speaking, and the price is falling.
NTEK suggested that they will be announcing brick and mortar locations for the NP-1 in two months. I think that once the common person may run into a NP-1 at Best Buy, then we may have major gains in PPS, as a whole new segment of investors learns about NTEK. Until then, while we still have a slipping PPS despite knowing everything positive about NTEK, we will continue to have "longs" prop up the share price in hopes that new people will come to buy their shares.
I am still long at heart for NTEK, and think NTEK is a great play for someone who wants to buy shares and not look at the PPS for a few years. However, I do think that NTEK will be going further south for a while until it finds its true bottom.
It does seem strange, though, that NTEK would have its own NP-1 competing with Amazon's branding of the NP-1.
Perhaps none of the NP-1s that go to the masses will be marked as being a NTEK product, and NP-1 is just the name of the wholesale product that is sold to the big distributors like Ciao and Amazon who will have the products marked with their own names?
Didn't NTEK say last year that they would be having NTEK stores, starting with one in San Jose, instead of using big retailers? Can someone hit me with some DD?
The chart is looking good. I'm hoping we explode during power hour tomorrow to really signal a breakout.
A triangle is clearly forming. I just hope that news hits before the triangle is complete so that we breakout to the upside instead of the downside.
Looks like we may be forming a double bottom reversal. NTEK getting ready to rip with news!
Like the days before last major run, the last few days have been red stair-steps, touching the bottom of the BB. This thing is on the verge of a blue sky breakout!
This chart is forming an absolutely beautiful ascending triangle. This thing is getting ready to run really hard once it gets above .15....
Agreed. Foxconn manufactures major, worldwide products. They are not going to manufacture some paltry number of NP-1s. I'm sure that NTEK must have ordered a ton of NP-1s in order to play ball with Foxconn; i'm talking hundreds of thousands. NTEK must know that it has major distributers lined up to sell the undoubtedly large numbers of NP-1s that Foxconn will manufacturer.....$$$$$$$$$$$$$$$$$
Has BIG gone on MSNBC yet?
When was BIG on MSNBC?
The train is leaving the station! Headed back towards blue skies! Imagine if NP-1 news is released right when the share price is approaching the top @ .17... this thing would explode into the .30s
The chart looks great. Beautiful hammer candle forming today. We should be going up soon.
Tomorrow may be the last day NTEK is available in the teens.
I don't think we are going to see a major consolidation down unless NTEK makes some major spikes up, like multiple days of 30%+, and then NTEK would still likely be up in the .20s after the consolidation.
With all that it has going for it, NTEK is a great stock to be in.
All Aboard! CHOO CHOO!!
Today truly confirmed a blue sky breakout. The chart is a beautiful sight to behold. Buckle your seatbelts, this thing is taking off!
Given NTEK's rich history of lengthy chart breakouts, during this impending breakout, selling at .20 will be for the weak minded, selling at .30 will be for the overly cautious, selling at .40 will be for prudent, selling at .50 will be for risk takers, selling at .60 will be for the outright ballsy, and selling at 1.00++ will be for all the true longs who know where this thing is going!!
The NTEK Monster is truly just waking up. Expect this thing to start running HARD in the next few days. I wouldn't be surprised if we start seeing 20% daily gains.
Beautiful staircase candles with matching increases in volume during the last 3 days. NTEK is getting ready to explode!! I think we will be seeing 20% - 30% days fairly soon!
Breakout Alert
NTEK is poised to run hard in the next few days.
I think its definitely possible. NTEK is coiled for a breakout! We could see the beginning of a massive run tomorrow!
Today's candle is a good looking candle. I suspect we will be going green tomorrow.
That being said, I was surprised by yesterday's big sell-off. With the great financials, you would think we would have begun a blue sky breakout for a bit before consolidating. To be sure, NTEK has historically reacted to news a few days after it hits, so perhaps a blue sky breakout begins soon.
Initially, I thought that the Q3 would be more of an immediate catalyst for a PPS increase than we can expect the announcement that Nuvolas are shipping to be, because the Q3 shows the bread and butter of NTEK, revenue, which is why anyone invests in any stock. However, after some consideration, I now think the shipping of the Nuvola could be a much bigger catalyst for PPS increase. NTEK is traded in a fairly insular community, IHub. Many of these shares are likely being bought and sold to and from people who know of NTEK through IHub. Of course, some people outside of IHub know about NTEK through word of mouth, etc. Nevertheless, the average Joe Schmo trader who invests in stocks after watching MSNBC or reading Kiplinger's simply doesn't know about NTEK, yet. Once the Nuvolas start shipping and you start seeing reviews of the product in consumer electronics reviews, etc., a true public consciousness of NTEK will begin to form. At that point, volume will start flowing in as people see NTEK's products out there in the real world. Undoubtedly people will see the upward potential of investing in NTEK and the volume and PPS will really soar.
I wouldn't be surprised that once the Nuvola is released the PPS doesn't dramatically increase immediately, because, for the most part, the people that would invest the day of the release already know about NTEK and its promise. I think the real increase in PPS will be the months that follow, as more and more people learn of NTEK and seek to add it to their portfolio. There will likely be a snowball effect in the months that follow during the next few quarters as public awareness blossoms. In other words, depending on how hard the Nuvola hits the market, it might take longer for this to go from .13 -> 1.00 than it will to go from 1.00 -> 5.00 once NTEK is a common name in the entertainment world.
Normally, today would have been a good day to flip and then buyback at a the dip in a few days. However, right now, news is imminent and a flipping game is too risky for most. NTEK is coiled for a breakout. Once the news drops, I feel bad for any flippers who are waiting for funds to clear.
Will NTEK be trading on Monday or is this a 3-day weekend?
I think the CEO's purchase of shares with his own cash is a huge symbol and sign. NTEK is not some personal ATM for management to use in order to get money at the expense of shareholders. They believe in NTEK to the extent that instead of taking their salary and running with it to invest in blue-chip stocks, etc., they honestly believe that their company is going places and think that their earned cash is safely and wisely placed NTEK.
Obviously they know more about NTEK than we do, particularly what news is about to hit and what deals are in the works. If they thought NTEK was crap, or knew there was bad news that the public doesn't know about yet, you better believe they wouldn't be buying 100K shares with their own money. Purchasing shares shows that there is very, very good reason to believe that news is coming and that the PPS will be headed north.
I think today turned out to be a great day. We really hammered out a bottom with this hammer candle and it demonstrates the amount of support and buying pressure that we have in the 9's. Be looking for this thing to be bouncing up, immediately.
I'd like to commend all the flippers who have the balls to flip this thing and reenter at the 20MA. I'm sure there is decent money to be made. Personally, I am simply too scared to play that game with NTEK right now with the impending news. I can't imagine what the pain would feel like to be waiting for cash to free up to re-buy shares when big news hits.
Lol. I like how the "dump" leaves us at a higher PPS than pre-pump. NTEK is going big time.
I agree. In the last month we have confirmed that NTEK is truly on an upward course. Prior to then, it was possible that NTEK hit .14 and was sinking back down, like most penny stocks. Instead, the chart has demonstrated in the last month or so that the run to .14 was beginning of a long term trajectory towards a much higher PPS.
Well, next week is within the next 30 days :) I did see that post when it was posted.
I think during the next 30 days we are going to see lift-off. Based on the 6 week foreshadowing, hopefully we have news by end of next week (Nuvola?) that is the catalyst for the inevitable, cataclysmic increase in PPS.
Looks to be a good entry point. Tomorrow likely will be going up since we touched 20MA today and bounced back up. I was surprised that it was red on Friday, but I guess we were destined to bounced again off the 20MA.
I think in the next 30 days we are not going to be bouncing off the 20MA but instead have a lift off period where we don't touch the 20MA for over a month like we did this past spring. Accordingly, flipping on highs and waiting for it to go to the 20MA is going to be more and more risky as the Nuvola and Q3 are released.
I love looking at the 200MA everyday, as it makes its slow, yet steadfast and determined climb higher; it is NTEK's beacon, showing the way forward as this company takes off.
Looking good. We went to the 20MA and bounced off it. We should close with a hammer, hopefully a green one, signaling that a bottom is found, the consolidation is over, and we are going up to new highs.
NTEK could definitely be starting a massive blue sky breakout. The good thing is that because this is a real company, with tons of revenues on the horizon, this won't fall back down to where it started from.
The history of NTEK demonstrates this. For instance, in May, this stock was in a 1000% growth period. Instead of crashing, or "bursting its bubble," it had a healthy retracement of approximately 50%. Perhaps this stock might run to .30, then retrace to .15, or run to .50, then retrace to .25, or to .80, then to .40, and so on. My only concern is that if we start having 100% days, etc., the retracement will be more drastic.
If we can have steady 10-20% gains over a period of weeks, we will have more time/exposure to ultimately get more people involved, with interests of NTEK going even higher from where they enter. Consequently, the retracement would likely not be so parabolic.