InvestorsHub Logo
Followers 0
Posts 93
Boards Moderated 0
Alias Born 01/11/2004

Re: altarboy4 post# 168

Saturday, 11/18/2006 5:29:56 PM

Saturday, November 18, 2006 5:29:56 PM

Post# of 303
I was thinking maybe just a 10 to 15% drop on the announcement of the share dilution. I don't think it would fall below the 50 day line (currently it's at $1.27). Institutional investors are entering the stock and they tend to support the price by not letting it fall below the 50 day average line. They will prop it up anytime it starts approaching it. That is a common trait of stock that has institutional support. You can see it in NGNM's chart this year. http://stockcharts.com/gallery/?NGNM So a warning sign would be if the price plummeted through that line on high volume -meaning the institutional investors were exiting the stock and no longer supporting it.

Based on Gasparini's track record and the area that this company does business in...I could see the stock doubling to $4 next year then doubling again to $8 and so on...but when we enter a bear market or a correction -all those gains will be put on hold or even given back. If NGNM starts to fall in sync with the market then it will probably be a good time to take profits and sit on the sidelines till the correction is over (3 out of 4 stocks follow the market's general direction) BUT if NGNM were to hold its stock price or only fall a little bit that would mean it is a very strong stock and should be held since it would then skyrocket out of the gate when the next bull market started.






Volume:
Day Range:
Bid:
Ask:
Last Trade Time:
Total Trades:
  • 1D
  • 1M
  • 3M
  • 6M
  • 1Y
  • 5Y
Recent NEO News