I know some of you got burned or bored with NMKT in the past. I have too. I am holding a bunch of shares well under water, but I refused to sell them, because, the news about making money has always been positive, and they seem to be on a mission to play a role in bringing technology to foreign markets.
Eventually I think they will stop selling so much stock, and give the shareholders a chance to see some appreciation. But when, is the question.
Looking at the chart pattern over the last year, I just got a strong gut feeling that maybe,,,,just maybe...this could be the bottom for the stock. I only say that on instinct alone and the look of the chart.
And one last think... if you look at their activities, you will see that they have some enterprises in China. If this stock gets some of the China attention that is growing now due to the upcoming olympics, then we may in fact see some price appreciation finally.
It has been a long wait and an ugly chart till now.
I know there must be pressure on the CEO to do SOMETHING, since he has not fullfilled his promise to distribute stock to shareholders as they partnered up with other companies. And the company's policy to sell stock has to slow or stop at some point.
If anyone has anything to add to what they expect from NMKT in the future, please let me know.
Sober |
