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Re: stargazer123 post# 12646

Wednesday, 07/04/2018 7:43:41 PM

Wednesday, July 04, 2018 7:43:41 PM

Post# of 29890
You said:

Exactly. Now the price is .52, while previously it was .43!!!!!!!

NAK went down to .43 because people panicked when First Quantum pulled out of the joint venture.


So by that faulty logic, if the price continues to drop down to say .23. and them rises to .33, the stock is showing progress. In its disastrous fall from 3.50 all the way down to .43, that kind of "investing" philosophy has brought financial ruin to anyone who foolishly invested using that faulty logic. It could have been said "Now the price is 2.00, while previously it was 1.90. Or "Now the stock is 1.50, while previously it was 1.40, or "Now the price is $1.00, while previously it was .90. To continuously use the faulty logic, because the stock price has barely fluctuated upwards at times in its death spiral down to present levels, and to say one should have been buying all the way down, was and is a patent prescription for financial disaster.

Flipping the stock for small gains was the ONLY way to see any kind of profit here, and that was difficult due to the continued drop in price from $3.50 down to .43. To be a long "investor" in NAK stock has proven beyond any doubt, a serious financial disastrous strategy.

The warning were here all the way down and have been 100% correct. To continue to ignore them is to invite continued financial disaster, and could ultimately result in the loss of one's entire "investment" in NAK.

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