Today's candle is a good looking candle. I suspect we will be going green tomorrow.
That being said, I was surprised by yesterday's big sell-off. With the great financials, you would think we would have begun a blue sky breakout for a bit before consolidating. To be sure, NTEK has historically reacted to news a few days after it hits, so perhaps a blue sky breakout begins soon.
Initially, I thought that the Q3 would be more of an immediate catalyst for a PPS increase than we can expect the announcement that Nuvolas are shipping to be, because the Q3 shows the bread and butter of NTEK, revenue, which is why anyone invests in any stock. However, after some consideration, I now think the shipping of the Nuvola could be a much bigger catalyst for PPS increase. NTEK is traded in a fairly insular community, IHub. Many of these shares are likely being bought and sold to and from people who know of NTEK through IHub. Of course, some people outside of IHub know about NTEK through word of mouth, etc. Nevertheless, the average Joe Schmo trader who invests in stocks after watching MSNBC or reading Kiplinger's simply doesn't know about NTEK, yet. Once the Nuvolas start shipping and you start seeing reviews of the product in consumer electronics reviews, etc., a true public consciousness of NTEK will begin to form. At that point, volume will start flowing in as people see NTEK's products out there in the real world. Undoubtedly people will see the upward potential of investing in NTEK and the volume and PPS will really soar.
I wouldn't be surprised that once the Nuvola is released the PPS doesn't dramatically increase immediately, because, for the most part, the people that would invest the day of the release already know about NTEK and its promise. I think the real increase in PPS will be the months that follow, as more and more people learn of NTEK and seek to add it to their portfolio. There will likely be a snowball effect in the months that follow during the next few quarters as public awareness blossoms. In other words, depending on how hard the Nuvola hits the market, it might take longer for this to go from .13 -> 1.00 than it will to go from 1.00 -> 5.00 once NTEK is a common name in the entertainment world.
