Response to frustrated NCTI holders: Volume now low, etc.....
FIRST: Remember those 'interviews' I had with NCT personnel, and that I posted over here (and on SI)? Well, I e-mailed **a URL** of the posts back to those individuals (so she could just double-click, and actually visit over here). When I last called Joanna for an update, she said, "I'd better watch what I say; You'll just post it over on Yahoo...." So I asked, "Oh?, you read over there now?" And her response was, "SURE! Now we do...."
SECOND: Look at the little volume table below.
NCTI average daily volume:
Sept/Oct '98 (so far) 440,000
mid-June/July '97 356,000
Average daily volume of top
**10%** of all trading
low-priced stocks 395,000
Average daily volume for
**all** low-priced stocks
(trading at least
3 shares/day) 38,000
The above table shows that even in this current period of relative low volume for NCTI, it is far from accurate that there isn't much interest in our stock.
Additionally, for NCTI much of the high volume over the prior few months has been **conversions of preferred shares** that only serve to **dilute** our value, and force share price down from an over-abundance of selling. THAT kind of volume we do not want!!!
THIRD: I've come to an interesting and valuable realization about most of the posting on this Yahoo thread: the postings are a **trailing** indicator! They are not (with few exception) a *leading* indicator. By this I mean that when things have already improved, news is already out, markets have already reacted, the frequency of posts here increases! I must admit that **I** erred in this regard in my initial purchases of NCTI; I came over here and found so many excited and pleasing posts, I figured that, hey!, must be an okay stock! What I didn't realize was that the excitement was mostly about good things that already took place, that postings here were a *trailing* indicator.
So, what's the bottom line. The bottom line is that I'm still optimistic on NCTI. I think we're going to see increases in both volume and price prior to the Board meeting.
But, primarily, I just wanted to keep the conversation going.
Nicholas
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