RE: RE: Anyone else notice.....dart321:
"Anyone else notice the late day trading pattern that has developed. The last trade of the day is done to insure the stock closes at the bid. This indicates there is some one trying to keep the share price down day after day. In my opinion what we are seeing by way of selling is the 5 cent warrants."
In my humble opinion, and I've seen this action a lot, I think this 'action' has nothing to do with selling of 5 cent warrants, or very little to do with it. It is CLASSIC accumulation patterns. Once again, we are seeing the stock close at the bid day after day. Obviously someone or some group doesn't want the stock to rise yet. They want to continue to build up their position, and I can't say I blame them either. The story is very compelling. When the time is right (which may be a news release from NCM or an area player's results) I think we will finally have lift off. And this has to come eventually, becuase no stock remains tremendously undervalued forever.
I'll recap what I've posted before for those who didn't see it:
Market caps of stocks in area:
EXS: $102 Million
MKR: $30 Million
LSG: $1.07 Billion
SGR: $950 Million
NBU: $16.5 Million (claims aren't as close to the action as NCM's)
PKL: $28.5 Million
NCM: $4.4 Million
Now NCM may not be a LSG or SGR yet, but it will probably head that way over the next year or two. For now however, it makes sense to compare it to PKL, NBU and MKR, all which trade between 4X to 8X higher than NCM. Plus NCM has two areas of high gold finds instead of just one.
When it comes to investing, reducing your risk is key. You have to ask yourself, how much downside do you see here, vs. other investments you have?
Good luck to all,
x