NXCP Daily Chart ~ Not a Chart Play, But Going to
Post# of 2559
Posted On: 01/04/2014 6:38:12 PM
NXCP Daily Chart ~ Not a Chart Play, But Going to be a Good One
As many who have followed along for a while on this board, NXCP is a favorite penny stock investment of mine. As I've mentioned often, a few of us have been accumulating this stock for months. Although the delays have brought the stock down from the highs of August, it was a good thing for those with a longer term holding period in mind. Although I've been expecting news weeks ago, we now know (read Post #865) that audited financials are on the way, and that's the reason for the hold up. No toxic debt, approx 42 mil in the OS, and a solid management team. What has worked out for those of us who continue to add NXCP is that it has allowed many more shares to be purchased from the impatient or nervous. Although not a chart play, it is easy to see that the .015s, with the exception of a few intraday dips to .0115-.013s, have offered support since mid June. As one can see, the volume has dropped off and most of the shares that sold did drop into the same hands that have been buying and adding for almost nine months now. I would sure like some more sub .01s, but that is probably not going to happen anymore. I did get a few .011s to .013s in December. Looking to add more next week with some friends. For those who believe they can still add 3-5 million shares under .03, fat chance. GLTA
As many who have followed along for a while on this board, NXCP is a favorite penny stock investment of mine. As I've mentioned often, a few of us have been accumulating this stock for months. Although the delays have brought the stock down from the highs of August, it was a good thing for those with a longer term holding period in mind. Although I've been expecting news weeks ago, we now know (read Post #865) that audited financials are on the way, and that's the reason for the hold up. No toxic debt, approx 42 mil in the OS, and a solid management team. What has worked out for those of us who continue to add NXCP is that it has allowed many more shares to be purchased from the impatient or nervous. Although not a chart play, it is easy to see that the .015s, with the exception of a few intraday dips to .0115-.013s, have offered support since mid June. As one can see, the volume has dropped off and most of the shares that sold did drop into the same hands that have been buying and adding for almost nine months now. I would sure like some more sub .01s, but that is probably not going to happen anymore. I did get a few .011s to .013s in December. Looking to add more next week with some friends. For those who believe they can still add 3-5 million shares under .03, fat chance. GLTA
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