NNRF Inc (NNRI)

[stocktiger]

We speak of support and resistance every day

It matters not if I own a stock or do not own it or if it is a pink sheet or Nasdaq as they all have technical indicators. We make videos 5 times a week and talk of the moving averages and trend lines and Fibonacci lines and in each case our aim is to set stops if you are in a stock for the technical trade or short term.

Here is the chart as example of NNRF in June when it broke the 50-day EMA and many stopped out as we talked of it. There is no mystery to this as it is very straight forward. We do it almost every every single day so most who follow along can undersatand it well.




If you are in a stock for the long term - meaning the year required in the USA to receive the benefit of long term capital gains than of course you are not making technical trades. In this case with NNRF it is not important what the price is today - it is important what the price is in a year.

In April as the price was at $8 I put in the news letter to expect a couple dollar pullback if it went much higher and many that were shorter term did take some profits and bought back in the last month. Some bought higher than it is today and some lower but the company keeps getting better and my confidence of them and what they are doing keeps growing.

The Studsvik partnership I believe is just great as they are already connected with so many nuclear plants ( about 200) and a great set up to help in promoting the shielding materials- FEECOM and BIECOM.

As the summer gets to a close and people in Europe generally are full time back at work by mid September I think the activity will only increase. Things like the new ROAR spin off will take shape as this takes some time. The stock price is up about 70% from its low 6 weeks ago and that is great as it has come at a time when the float has increased nicely as some of the original private placement buyers have transfered their shares at least to publicly traded shares as we have no idea if they bought back or not but someone sure did as we can see by the increase in price. We need a higher number of shares free floating as to gain more institutional support you need of course more floating shares.

I see that when the stock price is volatile that the message board is mostly about the company as the board is intended but when the stock is basically trading in a tight range the posts take on a rather different tone.

I believe the posts will change significantly over the coming months as the stock price advances and the talk will be again company related.