To OTC Journal Members:
 

Comments in the BLOG

Recent postings in the BLOG include commentary on NeWave and Family Room. Please visit the BLOG for the current updates, and spend some time perusing the contributions from subscribers.

To use the BLOG, simply go to the home page at www.otcjournal.com - the BLOG will scroll down automatically on the right side of your screen. The most current journal entries appear in the middle of your screen. Check back frequently for updates particularly when stocks are moving to overbought or oversold levels or in volatile markets.
 

New Idea At Hand

Those who jumped into BPTR in the $.65 to $.75 range should keep their eyes on the inbox for a new idea. I'm on the verge of latching on to another beautiful, undiscovered, fundamentally strong idea in the same price range. I could be presenting this new idea within the next week.
 

NetWork Installation (OTC BB: NWKI); New Contract Provides Glimpse of the Future

NetWork Installation was out with news yesterday after the market closed. The company announced it has won a new piece of business from the New Mexico Department of Public Services in the amount of $220,000.

For a company expected to achieve revenues approaching $10 million in 2005, this contract represents a fairly small piece of business in the big picture. However, due to the nature of the services provided, this new contract could be a precursor for much more prolific future growth.

Apparently, New Mexico's Public Service Department has decided it doesn't want to pay the local phone company for phone service any longer. Instead, New Mexico has decided to route its phone calls over the internet to save money. Routing phone calls over the internet is known as VOiP.

VOiP (Voice Over Internet Protocol) is the wave of the future. Here are some eye opening statistics:

• 12.1 million households are expected to adopt VOiP by 2009.
• 17% of households with broadband, or 10% of all US households will adopt VOiP
• 10% of all US businesses and organizations are expected to install VOiP by the end of 2005
• 45% of all US businesses and organizations are expected to install VOiP by the end of 2007- this represents a potential market for millions of installations. (Stats provided by Jupiter Research)

VOiP is clearly a hot button for Wall Street these days. If NWKI can deliver more and larger contracts in the VOiP arena, look for increasing enthusiasm for the stock, and a subsequent improving market price.

Technically the chart for NWKI looks good for a trade. The stock just bounced off a perfect 61.8% Fibonacci retracement level from the early February surge in price and volume. 

For those with a trading mentality, you might get a nice pop in this stock as it bounces off this pullback. The stock dropped on very low volume during a three day sell of in the market, which suggests it will rise back up quite easily.

If you want to own the stock for a trade, $1.85 is suggested as a stop loss. If you are a long term holder and interested in accumulating the stock, stop losses and short term targets don't matter. No doubt, the most money will be made in this stock by investors looking for the company to participate in the dramatic growth of VOiP between now and 2007.
 

Here is the complete text of yesterday's news release for your review:
 

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