One Step Ahead

[Bo14172]

Downunder, in most situations stocks in
these smaller markets exhibit similar patterns of movement, b/a spreads and retreats. It's almost like MM's have given many stocks at this level their own personality.

For NMCX if there has been no dilution since their last good news events then I would say they are certainly undervalued and there is upside here.

Two factors play into this. First is the value confirmation that the market may be seeking so the market can truly trust the figures NMCX reported a few months back. Second is something I mentioned yesterday on another board (about another stock). If their is a shorting effort (legal shorting) by MM's or connected hedge funds, they have to let stocks run at some point in order to establish new shorting positions and begin artificial walkdowns again (not legal). The stock has to go up for money to be made on the way back down. Being that we're 'long' investors both factors may present an opportunity if any future news is good.

We saw it rise to ~.045 before. At current levels, both dynmaics above may come into play again.

Bo