NNRF Inc (NNRI)

[stocktiger]

Johnny - sorry you misunderstood

We post about 170 charts a month and we do not on every single occasion say what the lines mean as we talk of them a lot.
This is a chart we used from July 29. It is a nice triangle above the 50-day and looked like a good place to buy technically as your stop is close in case it fails.

It did eventually fail so a lot sold or were stopped out and some held and we looked for a lower support.

We did not make any big announcement that said hey - look it is below the 50-day - as everyone can see it - it is clearly drawn.

You can see that there is possible support at $4.65 - we do not control your trading we point out support and resistance areas and other things and each person has to take responsibility for their own trading as it is their money.

I am bullish on the company and sector and never in my wildest dreams expected such a pullback. To try and say we were not clear with our charts is not accurate. We never suggested to sell short and you think we should have. OR at least take people by the had and say - "now sell this here" Well - some people were pretty sure the stock would rebound quickly and wanted the tax advantage of long term holding. So do you suggest shorting and the heck with all the longs who have a valid argument that it will go up soon? You see - we do not control any trading - and we have no magic power - we point out charts and also information if we have it.



The buy above would have been at the break out or at the support.

Now we see that that support did not hold so we look for a possible other valid point. The sock has clearly broken 50-day support but stocks do often bounce at the 62% line. We see that the Fibonacci 62% retrace lines up pretty well with former support also in this price area so it becomes one to watch. We did not take your hand and tell you to cough up money and buy. We did as we do for thousands of people day in and day out - point out possible entry points on stocks.

This again was a clear chart and a very clear possible entry and exit points. When the stock over time returns to these levels I am sure there will be new ideas but we try always to be quite clear with all of our charts.

This is no spin - we all see the same chart. However - many look at the big picture for the industry and the company over the next several years not weeks or months. Do you suppose anyone actually bought that AAPL company who makes iPods? It was over $200 a few weeks ago and yesterday hit $117. Must have been a pump and dump. Maybe not even a real company.

The point is that even well known companies can trade in wild swings - think GOOG RIMM ICE - so to have NNRI also have these wild highs and way oversold lows is not so different.

Remember that when NNRI ran up there were national nuclear stories in papers and even a 60 minutes piece about nuclear waste storage. That is what got things so overdone.