Joe is talking about NANX again on the Lunch Session:
<CNBC_Live> one other one to look at today, bill, there is very little
<CNBC_Live> going on but on wednesday an analyst at oppenheimer started
<CNBC_Live> coverage of a recent new issue. Called nanophase and started
<CNBC_Live> coverage at about $9 a share and set a $15 bruce target.
<CNBC_Live> this was on wednesday. Then we talked about it a
<CNBC_Live> little bit today and look what has happened to the stock
<CNBC_Live> meantime, it is up about 5 points.
<CNBC_Live> bill: Almost to the price target.
<CNBC_Live> joe: Almost to the price target.
<CNBC_Live> bill: They will issue a new report on monday.
<CNBC_Live> joe: It was up 1 when I mentioned this.
<CNBC_Live> and I did go into quite a bit of detail of what this company
<CNBC_Live> does. It's a billion of a meter is
<CNBC_Live> the type of particles they are working with here, bill.
<CNBC_Live> so instead of millions of atoms, we are talking about
<CNBC_Live> thousands of atoms. Now what would you do if you
<CNBC_Live> you could get down to thousands of atoms.
<CNBC_Live> whenever you make a composite material used in electronics,
<CNBC_Live> ceramics or industrial uses, these composite we made out of
<CNBC_Live> iron or titanium, you are using large particles.
<CNBC_Live> you can basically create totally new composite
<CNBC_Live> materials once you get down to the level of 1/10,000 the
<CNBC_Live> thickness of a human hair. That is what we are talking
<CNBC_Live> about when you are at a billion of of a meter.
<CNBC_Live> so there are many different pending uses for this
<CNBC_Live> technology. This company seems to be out
<CNBC_Live> in front. And on wednesday, oppenheimer
<CNBC_Live> made positive comments. Today is friday.
<CNBC_Live> it is up 5. The power of of television and
<CNBC_Live> just explaining, I think, what a company does,usly if
<CNBC_Live> you buy it now, it's already hit the target it was supposed
<CNBC_Live> to hit in 6 months or a year. So don't try that at home.
<CNBC_Live> bill: Yes, you can move stocks but if you can change jerry
<CNBC_Live> seinfeld's mind, then you've got power.
<CNBC_Live> joe: I really -- those reasons for getting out of it, I just
<CNBC_Live> don't buy it of course we still want more. |
