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Monday, May 10, 2010
NWTT - On The Cusp of An Impressive Rally
NWTT has been trading in a very narrow range. While every triple zero stock has been running like a scalded stallion, NWTT has remained idle awaiting its turn at the lime light. Today the stock was revitalized, on decent buying volume. It ended the session at $.0004 a share. With the recent trend of triple zero runners, I think NWTT could go much higher from here and I think at $.0004 the potential for significant gains far outweighs any risk.
For one NWTT has recently updated the investor community via financial filings. This provides a level of transparency other stocks trading below $.001 just don't have. Let's face it, a stock trading in the triple zero's is there for a reason, but when they start to turn the corner via smart company decisions and investor friendly steps, the time to be buying is before everyone else catches on.
Take GOIG, for example. That stock was getting crushed on a daily basis. I called the bottom at $.0004, the same price NWTT closed at today. It then went on a historic 2.5 month rally to trade over $.06 a share. Investors have been hopping on that money train all the way to the top. There is no perfect formula for finding these stocks, but one thing is for sure... you need to be following the money flow. GOIG didn't take a day or two to move. The excess shares needed to be sopped up first. That appears to be what is happening with NWTT.
I think with continued buying and the same impressive trading that we had on Monday, NWTT should see $.001 in short order. If you look at the historical chart $.001 is a significant point of resistance. After that price level, NWTT could post an even bigger breakout.
This stock offers a great potential for gains this week and possibly beyond. With a few market makers asking $.0004 a share, a few lotto tickets at that price should pay off handsomely this week.
Add NWTT to your watch list, I think it heads much
