RE:RE:RE:RE:Sheep Selling Before the WeekendOf course!...Thousands of people saw the potential here much earlier in the game than I did, and bought at much higher prices. But for me, NAK was nothing more than a turnaround play and a longshot bet on Trump:
https://www.stockhouse.com/companies/bullboard?symbol=nak&postid=24976034
Just for the record, I only had time to buy a small initial position at 34 cents. So it's not like I'm getting rich off the stock. I would rather be in the position of those who bought a large stake at 80 cents in October, or even much higher but had the patience to hold through the downturn.
That said, IMO, it's not such a great buy now, unless you have a bit more patience than the daytraders who are all over the stock right now. The thing is, even if NAK recovers, people who are still underwater are going to be selling this thing all the way back up now as soon as it hits their cost basis, and those who aren't are going to be much more inclined to take profit on future pullbacks.
Over the long run that will be good for the stock, though, provided you believe in the company, in Pebble, and (especially) in which way the political winds are blowing.