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NN Inc. Message Board

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  • kzxc kzxc Jul 24, 2009 11:14 PM Flag

    Don't expect this to last

    billybob wrote

    "Where will the price go from here? Personally I don't see it hitting $1 again. If I did I wouldn't have been buying at $1.60. I'm confident this stock is on the way up and for the first time in many months feel good about NN's position. There isn't any reason the stock has dropped to $1.30. I think it's beening drug down by the whole market. Nonetheless, I think we will be a $2.5 stock by years end barring any slides by the world economy. We could see a double bottom in the near future. Bad news and opinions feeds the flames of economic ruin. Notice you're hearing more bad reports that it isn't over and we could face more hard times. Those of us in the real world never thought it was over. Hope for the best, plan for the worst."

    Make up your mind billybob geez. This stock is now just at 44Mil market cap. It is worth much more than that. I hope it goes to 1.60 but I think investors are wiser and sitting on money now. This baby is headed to at least 6 in 6 months.

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    • kz - TBilly is believe it or not mostly consistent. You got to remember that He is looking to trade on the short term chop and he monitors and trades on that volitility.

      He knows the longer term thisis going up but would like to trade on that up/down thing. Where longs wait for the rise from 1.x to much higher say 11.x and hope for a 10 point profit, TBilly is looking to trade on the 50 - 60 cent chop. If he trades well he will get probably 25 trades inbetween now and when it hits 11.x.

      As you know if he reinvests his profits starting say with 2000 shares. He will end up with much more then the 10 point profit.

      With that in mind He can say short term there is opportunity to trade on that volitility, but He also knows that long term this i going to go much higher. That is why he has both his shares to trade and his shares long.

      I do not trust my judgement as he does so I am long but he may make a major score on his trades.

      This might explain why it appears that he speaks on both sides at the same time. One short term other long.

      Still I love this action. I love Christmas and oh what a present it was to get this stock under a buck fifty.

      Livin...

 
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