GM all. Billy it's only my opinion and
who doesn't have one of those..lol..but here's what may well be playing out:
NMCX had a following of shareholders who have accumulated a large block of shares at lower levels. Anyone who saw the very strong volume at yesterday's open suddenly get choked off at 10am through the rest of the day had to at least question this at some point. Some of these investors may have been selling off to get some profit, but the volume evidence is proof enough to me that MM's were trying to scare the majority of these investors from their shares. If an investor who has held for a long time sees a level that for whatever reason isn't breaking through even though it should, MM's are hoping they will be more inclined to sell.
Reader's Digest version: MM's are trying to scare the long time shareholders out of their shares.
I haven't followed this morning's trading, and this may be my last post until this evening (busy w/business and Christmas), but from what I've scanned on the boards it's tough getting filled.
The valuation is there. The potential is even greater. So my friend, these levels are still quite good. It is amazing what the broker/dealers allow to run to the sky, while they hold other better stocks down. Their valuation and potential at these levels makes this a strong play.
Be well buddy,
Bo
