I can only hope some of you are taking my message to heart and putting microcap stocks in your portfolio when they are cheap and no one wants them.
My last edition on NWWV at the end of September was entitled ” Newave Can’t Get No Respect”. Apparently, someone is finally willing to give this beleagured issue a little respect.
NWWV traded 2,500 share Wednesday, 150,ooo shares Thursday and 350,000 shares Friday.
I have no idea who decided to step up and start buying this stock, but it closed at a two month high today, and hopefully this renewed interest will continue into next week and the stock will try for higher levels.
If you picked up the stock while it was cheap and no one wanted it, keep an eye on the situation. If it trades up into the $1 plus range on this current run, it might be worth taking a quick profit.
Hopefully, this stock will become the poster boy for buying while they are cheap and no one wants them.
There’s nothing left in this one. This is as ugly as it gets… Should we just dump this pig and take the huge loss???
Editor: NWWV just issued a 10Q which reflected a transition period that was neccesary to clean the slate for the new marketing campaign through informercial. It is my understanding the company is now doing better than it ever has. Overhead has been reduced, sales are improving, and I’m am hearing rumors they are now turning profitable. I would suggest this could be the low point, but it’s tough to say. The market has never really warmed up to this one, and the Energy Shock year hasn’t helped. I suspect it won’t get much worse, but I could be wrong.
I bought into this at .90 thinking I was buying low, I can now see what true lows listening to the hype from paid advertisers like you can bring! I’m very disappointed and have lost mucho respect for this site. I can’t afford to dump for a 50% loss now and go away. I’m forced to ride this dog until hopefully it gets me back up to 20 or 30% loss. thanks for all your advice!
Editor: We’re all in the same boat, but I certainly get the majority of the blame. In a future edition I am going to disclose what this and several other companies told me in the Spring. It will open your eyes.
it’s down 30% this am, last trade 42 cents. What’s up?
Editor: Please see next posting.