Hi Ram: Glad to hear from you again. How's your tea leaf reading? Did you make any money in the virtual trades?
I believe that NMPS owns this technology all by itself and hence no serious competition is in sight. Bard did announced their BTA test last month but their test is NOT quantitative and is NOT accurate in comparing to NMPS's. As I stated earlier in this thread, I am NOT interested in fundamemtals and therefore I don't want to know too much about NMPS's products. I always remind muyself that falling in love with it will lead to emotion. Emotion will lead to involvement. And involvement will lead to financial impotence. I am a monk and I cannot do that.
Ram, don't put too much emphasis on fundamentals. NMPS has illustrated painfully in the past few months that fundamentals have NOTHING to do with share price. Evidence?
Item #1: When FDA approved it test, share priced tanked.
Item #2: When PPO was withdrawn, share priced tanked.
Item #3: When Chubb painted a rosy picture in the teleconference, share price tanked.
What matter most is its current price, and its current price is WEAK. Period. When a stock declines 50% from $20, it takes a 100% move for it to bounce BACK to the previous price of $20. You see Ram, price actions do favor the down side. Therefore, I expect NMPS needs some time to gather strength to build a base for for the phase 3 advance. How does NMPS build its base? I believe PR is the key. PR gives investors a false sense of perpetual profit POTENTIAL (Why did I highlight the word POTENTIAL? It is because it represents the investors expectations. When the ACTUAL profit comes in, the share price will tank... Hello Roger!) To put it bluntly, PR means lies, rumors, inuendos, half-truths, rosy projections to the year 2001 and whatever it takes to HYPE it share price. Legal consequence? Forget it. Everybody is doing it to some extent and SEC does not have eoungh resources to police it.
Technically, the specialists tried to induce panic selling by taking NMPS down below the previous low of $9.50 and was successful in tanking it to $8.875. However, panic selling was ABSENT, and between 2:30 to 4:00 pm buyers stepped in to bring it away from the 200-days moving average. The specialists are chart readers too and they all know the importance of the 200-days moving average. They might want to create an ultimate panic by taking it down sharply below that level so that can further acccumulate shares in their inventory. However, at this moment, I do not know their inventory situation and hence cannot comment on their actions. Only the daily price/volume actions will give me a clue to their true intentions.
Best wishes and happy trading! |
