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Replies to #2632 on NNRF Inc (NNRI)
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GIBBER

10/03/07 2:57 PM

#2634 RE: danwo #2632

Go point. Earnings are what count first and always first. Float is way down on the list but you have to understand ST & Iceman needed the retail investors to hang in there so their 144 friends would have some one to sell at a higher price than without the retail invstors - even if ST shows the TA is breaking down. He would have told all of us to sell it if he did not own the stock. Boy did I learn a lot from this exercise. I still think this is a great company but it is not our time until they get the earnings incorporated into their balance sheet that are audited by an outside auditor. This is not going to happen until the 4th qtr. As I have said this is dead money until next yr. The management is trying to put a floor under the stock with these press releases unfortuantely they are too little to late to do much for the upside. It will take the earnings, the funding confirmed and some long term guidance on where the company is going. Until we get these three things it is dead money. I just wish I had sold all of my stock at 3 or higher and bought more Chinese stocks. Then with more profits then come in and buy NNRI in the Dec time frame. You live and learn. When TAs breakdown bail out no matter what people say.