Just funny how from 11 until 3 hardly any trades
went through on NMCX.
Today's chart shows they muscled the run about 10:30-10:45, froze it at 11, creating doubt for the next 4 hours, then allowed volume again at 3:00 but now much easier to keep it at levels they wanted.
It has more characteristics of quiet short covering and accumulation than establishing a new short position.
I could be 100% wrong and they could short it from here (they can do anything they want). The risk just seems to high for them in light of news which may come out in the near future.
It's to be seen, but it seems logical to believe that what's to follow for NMCX is further confirmation of value which is a threat to any short position.
Again, I own no shares but I'm certainly interested in them and wanted you guys to do well today. The quiet ones I'm in are treating me better this week (knock on wood) or I would have got my feet wet again myself with NMCX.
Later all,
Bo : )
