Friday, August 17, 2007 4:22:25 PM
I've been in the markets for over 30 years and this is a unique situation. Shorters have come in at every technical resistance point and have had their share of successes. They know that as long as this stock in not on a major exchange it is hugely vulnerable. No doubt with the current market conditions they are waiting for another market fall which will pull NNRF down again. But if you are an investor you are holding this stock becasue the long term potential outweighs the potential short term downside.
If you are trader then you are playing the stock off its daily support and resistance lines. But shorters are facing a greater risk in this play becasue company strategy and events are starting to take form. And you just don't know when a news worthy event might hit.
Shorters are getting nervous! And when they decide to come out and play they start populating this board with rediculous comments to try and drive price down. I see they started coming out this week.
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