NNRF Inc (NNRI)

[Johnnyv]

Hi Blacksteer. The key thresholds at this time is to break 1.70 and to hold 1.55. Great buying action in the first hour and frankly not much since then. With about one and one half hour to go in the trading day the stock is trading about average volume. I will state that once the stock gets down under 1.60 there is some buying volume. All in all it was due for a bounce and I hope for all of you longs that it continues onward.

Where I will start to believe that it is starting to move back up if it can clear 1.80 with about 500k or more shares traded for the day. This would be a very positive technical point.

In regards to the news release it was strickly damage control . The stock lost about thirty percent of its value last week and something had to be done.

Please remember I am just stating what the charts say and this could be a dead cat bounce. Let us see how long this strength holds. Good news is thatit is up. Bad news is that the volume is not really that great and this could be a move up on news.

Best of Luck toall.

John