Coretec Group Inc (CRTG)

[scmfinance]

People can buy on spec all they want, but for me, the news was a disappointment and a sign that I do not HAVE to have a ton of money tied up in this RIGHT now. It ran a long ways in 2006 on spec and came a long ways back to where it ended the year in 2010. Don't get me wrong, I'm still long and have shares, but I don't have the same urgency I did before for the following reasons:

1) The agreement with Oklahoma State Univ (obviously different from Oklahoma University) will involve either cash or shares -- my presumption is cash. I'd be curious to see the details of the agreement. Hopefully it will be released in the 10K (typically issued on 3/31).

2) More time is needed to develop the technology and it doesn't appear it will be a few days or weeks more -- likely months or longer. Brighter and larger is what is needed, but who knows how long this will take. I guess the nanocrystals they purchased from the Lawrence Berkeley National Lab were not sufficient enough to achieve these two things over the last number of months and they had to go to another lab.

3) Even once the new tech is achieved, they will still have to either find a partner to commercialize it with them (the likely route rather than going alone) -- more months probably. This is where we hoped Boeing might come into play and they still might, but obviously since we haven't heard anything from Boeing yet (or any other company), Boeing probably felt more development was needed before they jumped on board.

4) We keep going up, up, and up despite the charts and momentum indicators signaling a larger pull back, despite the lack of news, and then despite the news which can be called "mediocre" at best. So, I am not sure which people are buying up all the shares and why, but I don't want to be there when they get bored and dump. And that day may be on a day when I am not paying attention and my gains are gone.