I would like to thank you and Roger McGee for the background information of NMPS.
However, I found that fundamental analysis such as new products, market share,
management quality, analysts opinion and others have little or nothing to do with
the share price. This is because fundamentals are often distorted by:
1. Management lies (You can find tons of examples)
2. Analyst lies (Again, you find tons of examples)
3. Product exagerations (Again and again, you can find tons of examples)
4. Investor over-enthusiasm (Again, again and again, you can find it everywhere)
As a result, I found that the most accurate gauge for a stock is its current price
and volume, and as long as its price and volume actions remain positive, it is OK.
The current price is ALREADY reflecting or discounting all these fundamemtal stuff.
If you pick up any chart book and glance through it, you will find price
and volume fluctuations. What I want to say is: the price of NMPS will NOT be restricted
only to the upside and given time, it will go down too!
NMPS is currently in phase one of the Elliott Wave count, and sooner or later, it will
experience a phase two correction that could retrace 50% or more of the phase one
advance. So, fasten your seat belt and prepare for a moon-shot (never-ending phase one) or
a gut-wrenching correction (phase two of the Elliott Wave count). Happy dreams! |
