Keep NTEK on your radar screen for at least the next 30 days
Investor. The main reason the stock has pulled back from its
.10 cent Sept high is their have been delays in getting ULTRAFLIX
on VIZIO and SONY tvs which they announced back then.
Also they issued a lot of shares since Sept which put down pressure
on the stock. However imo the VIZIO and SONY issues are being
solved and ULTRAFLIX will be announced on them soon.
In addition imo a lot more significant news will be announced in
the next 30 days leading up to CES 2015 on Jan 6-9 which shoud
prove to be a catalyst event for the company...Bottomline line
imo its safe to buy this stock in the .04-.042 area right now until
we get the next news from the company and see how things are
developing. Technically if you look close at the chart you will see
every time the stochastics got to this extreme oversold point the
stock has ALWAYS RALLIED...At least 10 out of 10 times in the
last year or so. IMO this time we'll also see a RALLY in the next
few days. Whether NTEK can sustain the RALLY and hold higher
levels will be based on how strong the news they put out in the
next 30 days.