We've been hugging 1 recently. Not bad for a stock of this quality in this environment. It could've easily gone to the levels you mentioned. I can't wait soon enough for the sentiment to change. This is one of those stocks that moves quickly based on the market. In a bull market I can see this stock over 5, possibly hitting 7 during for a short time. For now I just sit and wait for this holding pattern to turn.
management has been caught many times with questionable releases and timely pump releases but they burn cash and insider sell as bas as that old stock Ison, you saw what happen to that, 95% of nanotechs are not even nanos but may have 1 or 2% of their entire business devoted to nanotechnology.
Also 90% of nano companies in the past have gone bankrupt.
We are going back to the march lows, maybe even worse.
If you want to make a risky bet with real unemployment at 20% and rising, my advice do it then. In the solars a bear raid was the assault that plays out like the pump and dump that it is with the bears short at the top.
Until we get Chris Cox gone from Sec chairman and they enforce the mafia type crime organizations that you longs basically donate your money to, ftd's Failure to deliver the shares and certificates as well as billions of phantom shares in the system as well as regsho being a joke that proof and short interest% shows you is a joke in plain site. Except for you longs are the joke and punchline.
It's definitely going to take some time for Nanophase to really get hitting on all 8 cylinders, but just think of how badly the company was impacted simply by the slowdown in the DIY home improvement market. The company's plan to diversify its markets and handle more of its business develop internally are both good long-term solutions, but there's a lot of potential value there if just one of these markets starts recovering and orders pick up. there's already proven demand -- they were just very vulnerable to the recession.