NCTI was on the verge of rising yesterday, within minutes or seconds, when suddenly a 100K sell came through (and I don't think that exact timing was random, but lack knowledge about the machinations of what took place), which froze any forward movement, and actually sent a lot of holders scurrying out. The price didn't go down, but progress was frozen. Now I think people (particularly the bigger players) want reassurance about what that 100K was. A continuing problem with low-priced stocks is that these companies have issued convertible preferred shares to generate cash, and when these shares are converted, the added common stock floods into the market, and depresses stock price. The conversions seem to occur sporadically, and unpredictably, but often occur when the stock price is already at a low (because of conversion formulae -- ironically, the worst time you'd want the additional common shares flooding in). Now, was that 100K a relatively small iceberg merely grazing the Titanic, with more and bigger ones up ahead on a dark night? That's the fear. Or, was it a lone chunk of ice out in a clear blue ocean with morning approaching. At this moment some folks on the lower decks are jumping overboard. I'm hoping that the second scenario is closer to the truth. The situation now seems riskier than it did moments before that 100K grazed the ship.
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