The whole market is down today, it's been all over the news about Europe stickin' it to us again. I'm down over 7% on my stocks all together, and that's much more than the DOW and other markets are down, and I have mostly small oil driller's stocks.
The volume was only about 50,000 today for NTRO, and that's just over a whopping $300 at .0061, so it's just that nobody was trading NTRO today while the market was selling off. The smart traders were buying or holding IMO. I think it will probably hold just under a penny until we get some news, .06 to .085 IMO. Isn't this a low float stock? It doesn't take much volume at all to move the price.
I can't pull up the trades page but it's not many trades for just $300 worth of shares. I'm not on my computer since mine crashed Friday and I can't access my files and folders, but I remember they're set to be profitable this year. NTRO is a stock to hold and be patient with, this year should be eventful IMO.
This year alone they expect to take in $2 million from the Quinlin wells. Traders get impatient when they could use the money elsewhere, but on this one you never know when you'll hear something about production, or work in progress anyway.
\V/ Go Long & Prosper
I'd say "long and strong", but I'm cautiously optimistic on all these penny stocks and I haven't been in this one long. After all, we're here trying to get in on a ground floor of a growing operation and we're betting on the future of the company IMO, not the stock's past or current performance.
At least that's how I look at it. I understand your frustration, all my stocks are in a sea of red on the positions list. I have to keep reading my signature quote...below \V/
and I try to remember "buy when there's blood in the streets" and "buy when others are selling" when there's no good reason for the drop. Of course not many are selling NTRO but I'll buy if I can, when these opportunities arise.
Look at the chart, it's not dropping overall...but it's soon to rise, the RSI is as low as it's been in the last month. I'm waiting on the big event starting a series of events this year.
Dee
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