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Replies to #4425 on NNRF Inc (NNRI)

danwo

02/08/08 6:42 PM

#4428 RE: stocktiger #4425

the suggestion that naked shorts were all over this was a ruse. It was Barry and stooges

PrimeTrader

02/08/08 8:31 PM

#4430 RE: stocktiger #4425

ST - I fully support your position. After I saw your charts I did my own technical analysis and when I saw the story I truly believed the stock would move upwards. There were 3 triangles and each time they broke downward I couldn't believe it. Like you each time I saw the technical indicators I thought the next move would be up. I see no fault in your technical analysis - given that it can be drawn and analysed in many ways. My decisions were my own - and my choice was, and still is, to hold. But I did not buy the shares to trade, even though prudence would suggest having a stop loss in place.

All that being said, I give credence to two of Batscam's comments as to why the price has fallen, or been shorted. "There were too many people with really cheap shares, most under a dollar, that had the opportunity to short them." and "There were too many connections and similarities to the GBMR scam." No way do I think NNRI is any kind of scam, but I can see how some shorters made a connection via the GBMR product line and then believed this would follow the same "pink sheet" model. Consequently, it drew more shorters to the game.

While I can understand Bat's comments that "there were too many stories that were too good to be true." I belive those stories are true - you just have to understand the model and the cash flow timeline. People said the same thing about Google and Ebay when they started. But I can also understand that folks who are use to playing the "pink sheets" and do not understand the management or business paradigm, would think it is another puff and fluff stock that would rise unexpectedly and fall just as fast.

I have some friends who are experienced investors. And when I talked to them about the company, they love the concept and the potential. But they will not touch the stock while it is on the pink sheets. This is part of the dilema we are in.

I have my own risk tolerance and my own investing strategies. This stock is not for everyone. But I do believe in the company and the long term vision. That doesn't mean there isn't more downside risk.