NewMarket Technology (fka NWMT)

[big_money_insiders]

Just a note to say I am taking 21.4% profits on NMKT. If it breaks thru 53 cents I will get back in. Until then, I do not like the trading. Giving back the quick gains is not appealing. It sold off quickly after a ceiling was hit at 70 cents. If some volume comes in with news, 70 can be easily retested. I did think the chart was setting up for another 70 shot, but this has not been the case. It will take some real news, imo.

There is a feeling that something is not right about NMKT. I think it is from personal correspondence with management. It does not all add up. It bothers me that they have not always followed thru on public statements.

* A rule of mine is to not hold thru the actual earnings date. Without knowing exactly when they will report (should be around the 15th), I am not willing to risk an early report being that momentum is not picking up. We are so close to the date.

I certainly may miss another run, but the gain is nice short term. I need to take it based on recent behavior of NMKT. I can always get back in.

Good luck to you.