I get so amused when I watch people who trade BB stocks get crazy when the news does not move the stock. This is why I have given up on trading BB stocks.
I am long on NVXE and some other BB stocks that I believe offer good long term prospective gains.
The reason why I figured that the news would not move the stock today is that all that I ever heard about NVXE was based on the contributions of Chris Condon. So now there is a formal arrangement between NVXE and Chris Condon regarding his technological assets. Well, tell me something new (this is not to be interpreted critically). When NVXE and Chris Condon go separate ways, then I'll think about selling. This news to me is neutral. It confirms certain things which have been known.
There are many BB stocks that offer potential, and many that offer nothing but the opportunity to gamble and make a buck before the bottom drops out.
I think I've said before that traders here should really go elsewhere for a better opportunity. Investors should put their shares away and await further developments, and I think as Mr. Pearson has clearly stated, it will take revenues to bring serious interest that will move the stock price to a new level.
There is nothing negative that is going on right now, unless you were looking to flip some shares for a quick buck. Some of the longs in this stock started at $4, well I guess they have little choice other than to be long, unless they are good enough to trade between the dips and the jumps.
As for me, I'll keep sitting here with my modest investment at .11. It seems that the day will come that I'll be rewarded for my patience. As for you news hounds, good luck, and I hope you get your nickel or dime of profit. I'll be waiting for the serious investors to get into this one, but it may be a while for that to happen. But the groundwork continues to be laid, and I am encouraged. I've seen more news in two weeks than has been released in months and months since I started following the company. News may move it today, but when there is a firm commitment for revenues, the stock price will react for the long term.
David |
