OTCQB:NVMDF - Post by User
Post by
wahjai604on Jan 22, 2010 9:45pm
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Post# 16710621
It's quite remarkable...
It's quite remarkable...This past week two major event in the world causes the market to go into a free fall, Obama's tightening of the investment banks' practices and imposes a bank fee on Wall Street, and China's move to tighten it's bank credit. The whole market went red and almost every single stock anyone own went red as people sold off en-masse, but have you guys noticed how HMI has performed in the market at this time?
It's quite remarkable that it has stayed so resilent despite those two big news that came out. If we were to look at the chart for the past week, yes it lost a complete cent on the first day of the news that came out, but wouldn't anyone be scared about seeing the whole market enter a free fall? Yet inspite of that, HMI had only less than 175K trades made on that day. If we look carefully at the next day, the market stays at 7.5 cents and the volume of buyers is just a little bit less than the previous day of sellers. Now look at today, we go up another half cent to 8 cents, on a volume of 174K trades on a down day, especially on a Friday when people normally sells their stocks then.
If you guys looked at your public / private portfolio, I bet most would still be red, yet HMI gets a +6.67% change! Don't you guys think that it is quite amazing? It just goes to show that a lot of people have faith in this company, and when the market rebounds next week, I wouldn't be surprised if went up another cent to 9 cents which we had on a day last week. I look forward in seeing how this company will perform throughout this 2010 year! (As long as we don't fall into another recession)
WahJai604