Noble Iron Inc V.NIR.H

Near term price projection ...

[Francesco1]

To All, First, there probably is nothing "wrong" with NIR's underlying fundamentals. The game plan is being executed in a timely fashion and things appear to be on track for continued growth coupled with many upside suprises. However the markets recent metamorphous has to be dealt with in a calm and resonable manner. We must not become frustrated by NIR's recent downward slant. Based on the "new" stock market rules that now prevail, we must allow for adjustment in the markets perception of NIR and its buisness potential. We die hard NIR fans, those of us that have been in the stock for a few years, and believed in the company and its unique products will have no problem getting through this tough market correction. The newcomers may become frustrated and leave ... Well what can I say? The bottom line is this ... Fundamentally we are fine, and nothing short of a depression will affect the future of this company. (IMHO) Technically, We could revisit the $1.50 area in the next week or two. This is to be considered a normal retracement in this environment. As far as price, $1.50 should just about do it on the downside. If we should see the low $1.00 range, on an intraday basis,grab as much as you can, because this would be have to be considered as valuable as a winning lottery ticket. Francesco