Nova Tech Enterprises Inc. (NTEI)

[wpin]

Taking all the non chart stuff out of it, since when did trading in a channel mean the death of a company (saw people earlier saying how this this is over)? We keep bouncing off the same support position of somewhere around 004 give or take a couple points. The ups and downs prove this stock has life in it, because looking at the daily charts, there is a nice up and down wave. This stock isn't done for, people are just channel trading.

Normal 10 day volume has been somewhere around 3 mil, give or take, today the 10 day volume is around 2.5. Todays volume was about 8 mil, of which a large portions was from selling pressure. What gets me, is that even on a day when when the bears won, they still couldn't get this stock down past its support level, even on a day when there was an additional 5 mil or so in volume.

For those saying this stock is done for, give it a rest. I don't believe in "over pumping" the same way I don't believe in "over scaring," so if certain individuals are saying that some are over pumping, I am saying there are certain individuals who are over scaring, and both are just as annoying. Sellers had more overall pressure today than they have had in a few days, if not a few weeks, and it still didn't tank. I don't see this one going anywhere just yet, even if the PR doesn't come out when expected; obviously the missed PR and Fin dates didn't make this ship sink at this point, so why would it tank by the end of this week. Let the PPS run its course. But the back and forth BS is getting old