Yes, it's exactly what I'd say if I had funds to work with. As ugly as this is, I'm staying long.
As a pink sheet stock I think there's more opportunity for it to be "pushed" around than if it were a listed company. For what ever reason....we'll never really know why we're down as much as we are. Shorting, longs panicking, insiders doing what they may "have" to, or..whatever....It's happening.
All we have now is to watch NTEK succeed....or not. I see them succeeding. So I'm here to see it happen. I've said before, there's WAY too much happening with this company, and they've had WAY too many successes already. If there's a reason the market is pissing on the shareholders, so to speak, I doubt we will ever know for fact the reason Mr. Joe Schmoe, or Bill .... is selling NTEK.
What I do know is it has twice as far to go now to get to where we were at the end of March.
Will we get back to .10 "before" NP-1 news, then run from there? Or, will we get back to .10 "on" NP-1 news then range again? I like the 1st option but the reality is it's going to take a lot more to get to last years highs. We'll see.
If NTEK is planing on buying back shares, which is the plan, then it's worked in their favor if the PPS stays low. Why start more buys backs mid year? Who knows. Why not start now? Maybe they need to finish the Audited Financials 1st.....again, who knows. If it were me, I'd be happy to do a share buy back in this price range. Again, we'll see.
We're going to need a V bottom w/ a wild 2-3 day "snap-back" to mark this point in the chart as an "anomaly". I'd rather get our move to the .20's from the .10 area and then NP-1 news following that. That would be ideal. We've see NTEK run and we'll see it run again. Negatives will die down and positives will be plentiful.....then, right back on track.
GL
Erik
