NanoTech Entertainment Inc (NTEK)

[cwarner]

I think we need to see a substantially higher PPS before we need to worry about any sort of dump. A 15% increase isn't huge in the penny stock world and is justifiable considering the recent news about NTEK going global with Ciao and the foreshadowed impending release of the NP-1.

Furthermore, today's increase is fairly consistent with the chart trend for the last several months; we reached this PPS a week or so ago, consolidated, built a solid bottom/support the last few days, and are headed back up, even past where it is now, purely from a technical perspective. I think if we break the 52 week high and go blue sky breakout, then we will definitely get a "dump" after it loses some steam, but I think the dump could bottom off higher than we are currently. It could also be a while until there is a dump, considering this stock trended up for over a month during its last breakout. Time will tell...