I've changed my mind about China, after watching PME the last 3 days I think she wants to keep all the money in house. I have been happy with the NM run we had, but the massive amount of shares getting fed to happy buyers has never ended. After doing a lot of research during the last month, it seems there has been a massive push of analysts and brokers to quietly pump this baby up, which justifies my conspiracy theory. I'm a long time watcher of NM, but I think there will be a much better re-entry price soon down the road. The BDI always matters, as their lastest bunk is NM is doing so good the BDI is't effecting it, and the price will be $4.00 shortly. It's done on the OTC all the time, just less subtle. Just enough bid support to lure a whale boat of suckers. What a pile of news crockery, wait around long enough and the smell of pickled bag holders starts wafting through the air. I think a couple big players loaded the boat under a buck and they just got off the media train for long vacation. So many many shares have been dumped that it kept taking fewer and fewer shares to create the illusion of bid support...It was a masterfully done job. The chart tells all. Can't believe I got sucked into this computer driven program sellers used to create a Bullish Harami buy signal as the last hurrah' before leaving town. Gave gave back 1/2 my profits in 8 hours. So I took the 5 k and left Dodge. Don't know if I will be back till $1.25., during the meantime there are a lot of fish going upstream! Momentum is good! If I was the victim of a massive shakeout, I really don't care on a day the when the pps blows out the bottom of the channel and drops by 10% on only a million shares :) Happy Kid!
