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"I just can't understand why someone holds onto a stock when they continuously say they don't believe the company can make it or it will take a year to recover, or it is dead money!!!"
It isn't strange at all if you're already down 90% from your buy=point. The shares I own of NNRF are worth so little as to be pointless to sell. Makes more sense to hold and hope for the slim chance the co. will turn-around at some point. What's strange is that so many of us were duped by iceman and st into not selling when we should have...'great buying opportunity', 'good place to accumulate', positive macd divergence, stupid to sell here... blah blah.
Thanks for that clarification.
"The last menioned you will find is that it broke support and I said it was a sell!"
If only I'd bought nnri on your site recommendation instead of stocktiger's. The above statement shows you are honest, instead of just using T.A. when it serves your purpose.
"This joint venture will become....
"NNRF believes....
"NNRF stated that this joint venture is anticipated to...
We've been treated to these sorts of statements for a long time now. No new contracts, a promised divy that never materialized and endless dilution. Jelly posted lots of great information and "possibilities" on nuclear power. None contained anything concretely related to NNRI. I hope something eventually materializes here besides 'will become', 'believes' and 'is anticipated'. I realize this is supposed to be a long-term investment, but I would like to eventually enjoy the monetary gains from NNRI myself instead of dying of old-age still hoping my grandchildren get to see all these possibilities unfold.
"shows, in my opinion, that the current share price is very undervalued"
"Buying / accumulate opportunity"
ROFLMAO!!!
In ST's opinion, the share price was very undervalued at $4.00 too. He also stated he was 'accumulating' in the mid $5 area.
This joke isn't even funny anymore. Same old song. Lot's of people being hurt financially (ask jelly) by this warped propaganda. A company is only 'worth' whatever someone is willing to pay for it. Right now, people are willing to pay .37 a share. So that is what it is currently worth.
I was thinking something similar. Jelly's been consistently wrong about NNRI pretty consistently so far. Though I won't put another cent into this unless it pops 'above' where I bought it. Maybe a better indicator would be if Stocktiger throws in the towel and starts bashing too. Not sure if anyone else had an issue like this...but I did actually attempt to place a stop-loss order just under $5.00 and Scottrade wouldn't allow it. Some message about not allowing stops on pk sheet stocks. Of course that's no excuse, I could have simply used a mental stop, but they tend to be harder to stick to sometimes.
Jelly, if in one year this goes 'back' to $5.00, feel free to say 'I told you so' or even nah nah na boo boo. I'll be so happy and shocked that I'm breaking even again that it's a small price to pay. As I told ST, I'll happily & publicly apologize for doubting him. That's why I said; "I hope you're right". I'd be ecstatic to be wrong. But you don't normally buy a stock, even a long-term investment, with the idea that it is going to plummet 90% after you buy it. Similarly, if this does drop to 15 or 20 cents you need to then admit that now was 'not' a great buying opportunity...no more than $5.oo was a great buying opportunity for me. But good luck...I mean that.
"This is a huge opportunity at these levels."
Yeah. That's what I heard at $5.50 or was that 4.00 or maybe 3.00? Oh wait! That's what I heard all the way down! Just think of how happy you will be when you get the even hugier opportunity to buy at a quarter. And maybe being able to load up the truck at a penny per share will be the hugiest opportunity too. Btw, I'm not short, just disgusted. I'll probably continue to hold this pos until next year then sell and take the tax loss then. I hope you're right. Good luck.
"If Livermore were alive I'm sure he would have seen the NNRI tape after last spring and noticed that something was wrong with the stock."
You are absolutely correct. The precipitous sp decline these past few months should have clued-in any intelligent investor that something was amiss here. Unfortunately, some of us were so stupid as to listen when some of their paid promoters kept saying "great buying opportunity, stupid to sell here, ridiculously undervalued here, this is a good price to accumulate, being manipulated by naked short-sellers, september / october / november...(pick any one) should be a good month for NNRI, life-changing stock, etc, etc."
In my case, looking back it was much like being boiled alive, but not really noticing because the heat was turned up gradually. With each drop in sp, instead of following my own trading / investing guidelines, for the first time in my trading life I layed all these aside and trusted someone who seemed to be 'in the know' with inside info and superior t.a. knowledge. With each sp drop, the little voice inside saying 'sell now' was drowned out by the lying drivel and false reassurances of someone touting the stock. Someone I believe you've defended numerous times here. We all try to make a living, but I don't think I could live with myself or sleep at night knowing I had cost so many people so much by misleading them.
What is left of my 'investment' in NNRI and GWDC is so small now it isn't worth either selling or worrying over. They're both worth around a tenth of what I bought them for when they were 'a great buying opportunity'.
No, no, no. Not a bloodbath. Just another great 'buying opportunity' where those that sell will just be stupid and the co. will be even more undervalued and if the price caves tomorrow, it'll surely be due to naked short sellers. (Always makes me think of a bunch of guys and gals sitting naked in front of the computer screens shorting stocks.) Don't complain or point out any problems either...that's just bashing and being negative. Not to make light of the situation gibber, for you and others who put in serious money here, I seriously feel for you. Hey, maybe they mean 4:30 Washington state time.
I've been holding since the mid $5.oo range. Added a small amount once around $2. But the time for me to panic and head for the exit is long past. (should've done that when it broke support at $5) I've lost so much on paper with this already that if they go bankrupt the amount I stand to lose now is so small as to be inconsequential. I consider this stock an expensive lesson learned at this point. GLTA
I know what you mean, sonic. There have been so many head-fakes and false starts with this one that I tend to be skeptical of every upward move now. If NNRI goes up just 900 more percent or so I'll be at breakeven! Woo woo! This one (and the other ST pick I bought, GWDC) have been the worst performing stocks I've ever owned since I've been in the mkt...about 6 or 7 years now. Even if it recovers, I take this as a lesson to never buy pinkies again and never, ever buy any of ST's 'special situation' stocks. Expensive lesson. Good luck.
breakpoint, do you have any sense of what sort of volume we should look for on that break of the downtrend line? I've been burned before on lower-volume trend line breaks with other stocks and made the mistake of adding a few shares to my position when this broke the trend line slightly once before. TIA
"you should be accumulating at these levels."
Hmmm, that's just what ST said about the $5 to $6 level...and the 3 to 4 dollar level and the 2 dollar level and the......
I'm really excited about all the accumulation I can be doing if it drops under a penny. Great buying opportunity! ha ha ha
"ST is not hyping it anymore like he use to do."
He had an extensive NNRI audio 'hype' on his site last night. He still pumps it, but it just has no effect anymore.
"Gibber you know as well as I do. When companys put out earnings they are priced in already."
This is not true all of the time. Earnings surprises, both neg and pos often cause a drastic gap in s.p. In the case of nnri, there may be a degree of scepticism at this point that is causing even moderate earnings to not be priced in already. Many are likely wondering if the entire company is a scam with no earnings at all. That perception, even if false would surely have an effect upon s.p.
"The stock has been making a very good base and trading up and down in a range builds strength and leads to a more sustainable break out down the road."
Ha ha ha! Dude! If you aren't Richard in another garb, you are his twin. This is exactly like the stuff he kept saying while it was 'basing' between $5 and $6. Again, this is NOT necessarily bullish. Price restriction and or triangle formation DOES lead to a stronger break...but this break may be either a breakout or breadDOWN. Yeah. It's been trading up and down in a range...from 55 cents to $10! Just like JDS Uniphase has been trading in a 'range' between just over $1,200 per share and $12.00 per share. Jeeze, this should be REALLY bullish when that breakout comes. I just hope I'm still alive to experience it!
I think a lot of us are in that boat. Like many, I first heard about NNRI on ST's site. It's a trading site, so it stands to reason that many of us would be traders / chartists with set rules. Like others, I was lured in by the story stock schtick and broke all my usual trading rules. Richard is so credible with his daily pix and analysis I thought he was trustworthy. Stupid mistake, but there appear to be lots of us that fell for the same spiel.
Oh, and it looks like a lower price today...but this is great! Stock has even more to gain and is a much better buying opportunity. LOL! I wonder if the people that bought enron near it's high told themselves this too.
"We are sure close to a bottom now so the this is the good news about a low price. Plus any buys here have more to gain."
Good News?! New Low Price! Great buying opportunity! Good place to accumulate!
LOL!
If you aren't ST, you sure sound like him.
I saw an ad yesterday for a stock trading at a tenth of a penny. If NNRI gets that low it will be an even better buying opportunity, yes? Too funny.
"and the one that he hooked me with "this will be a life changing stock"
Ah, but he didn't lie. ST didn't say it would necessarily change your life for the better. If you bought enough you'd be in the poor house by now. So...'life changing stock' it is!
ST, I'm not a daytrader as a general rule. Mostly position and swing trade. I didn't buy nnri (or cfpc) for either though. I bought based on the info you and others provided or linked to and as a longer-term play. By that I mean several months or years. You don't make it clear when you say: "This is a good place to buy" that you are talking only about trading. In fact, you said you were 'accumulating' the stock around where I bought at 5.40. One usually doesn't accumulate a trade. If you're talking trading you should also indicate; "this is a good place to sell". It's fundamentally misleading. Just like your constantly saying that a simple triangle formation is somehow bullish. I appreciate the info on the stock and do hope you'll be proven right in the long-run. If so, I'll publicly apologize for any criticism of your touting nnri and give you due credit. Your trading picks and analysis are great. It's the longer term plays I question strongly. These hurt your credibility. At least so far.
"See you at $1.25 where I am sure you will once again say it’s a good place to buy."
Thanks for that. That part has really irritated me too. So much now that when I hear ST proclaim; 'And we believe this is a good place to buy' I actually laugh out loud. I bought that line in the mid 5's. It's like crying wolf. After a while all credibility is lost.
Before buying this and cfpc based upon ST's seeming proficiency with charts and trading, I had never...never allowed a stock to tank without putting in stops at some point. After dealing with scam artists and newsletters when I first began trading 5 or 6 years ago, I should have known better. I fear others have learned a much more expensive lesson than I from this. Luckily, I didn't load up on any of their other 'long term treasures'. I hold these two because I figure after losing so much already..what's the worst that could happen? They can't go below $0!
Looks like that breakout from the Triangle might be just like the one that began last july 3rd....down. Breakouts from a triangle do NOT tend to be any more positive than negative. The bollinger bands have been tight too, so this move may be strong as well, perhaps taking nnri back to recent lows. So I guess it's time to stop talking about technicals and triangles and back to talking fundamentals and future revenues, etc to try to hold up the price.
"A stock going sideways is very healthy for the chat as the longer the base the stronger the rise when it breaks out. The sideways action cleans out the impatient ones and the weak ones and moves the stock into stronger hands."==ST
This is not necessarily true. A stock going sideways for an extended period does usually mean the breakOUT OR breakDOWN will be stronger. It is not inherently healthy. Stocks can move sideways near tops or bottoms. You said this last time when the stock price was moving sideways between $5 and $6 and look which direction it broke. The stock then fell sharply. BTW, I hope you are correct about the direction this time as I'm long. But saying sideways action means a stronger move UP is misleading from a technical perspective...as I'm sure you're aware.
The daily NNRF chart is looking suspiciously like it did right before the breakdown below the $5 area. A series of flat lows and lower highes at every bounce...descending triangle. Stocks often repeat the same pattern and this looks like it's about to crash again. BTW, I'm long and am not exactly thrilled about this possibility. I'll be happy to be wrong.
"But what I do resent is that his promotional ties to NNRF clouds his TA of NNRF.(IMHO). When the stock broke down from $4.80 range ST interpation was flawed ,(again in my opinion.)"
What really threw me off was his excellent T.A. on the daily breakout stocks. I had no idea of his bias based upon being paid in any form from the 'long-term holds'. As I watched both cfpc and nnrf implode (those are the only two I put any money in), I kept thinking; 'but he surely knows what he's talking about technically since his analysis seems so objective on the broader mkt and daily stock b.o.'s.'
When Richard first mentioned NNRF & the move out from a triangle going up, I had a twinge of doubt. Even I knew this only meant the move would be strong in 'either' direction...not necessarily up.
Then when cfpc gapped down after the recent rally, I knew this likely meant an end to the uptrend for the foreseeable future for that stock. Still, because he seemed so great on his t.a. for other stocks, I decided to give him the benefit of the doubt....much to my disappointment, so far. I'm thankful I only dropped a couple of K into each of them. I agree he should have disclosed his being compensated in stock, etc. I would never have touched them if I'd known. Live and learn. I've only been trading 5 years or so but should have trusted my own limited knowledge instead of relying upon s.t.
Why is NNRF soaring this a.m. on low volume? Something up? EOM
Strange. You were incredibly bullish just a few weeks ago. What convinced you that you were wrong? It wasn't that you sold your position was it? I wouldn't be surprised if nnrf experiences a strong bounce now if enough people have thrown in the towel.