NIHK has cooperated fully, and I don’t often get to put that in writing.
Today’s message is simple- in my view the HAWK is more of a sell than a buy at this point.
For those of you who have been following my writings, you know my target all along has been $.10. It has been trading above that level for the last two days, so if you want to take a profit now is the time in my view.
If you have been following my BLOG you know I recommended a buy on NIHK in the $.03 to $.05 range. I suggested avoiding when it first ran to $.09. I said buy again in the $.055 to $.065 range.
Here’s where I would buy it if it comes back down:
As you can see from the chart, the 61.8% retracement level from this last big move is about $.08. This is a great chart as the highs are getting higher, and the lows are getting higher.
Nevertheless, a little patience is in order here. Of course, the risk is the company comes up with another big deal and the stock streaks ahead. That is entirely possible. Or, perhaps they expand the cell tower program to other states. That would no doubt put a charge in the stock.
Everyone who followed my trading advice should at least have a double in this stock right now. We might be able to play this one for a number of months following the same pattern.
Comments and questions are welcome.
I see BTYH is stuck after a nice run-up with some pretty low volume today. Can we expect another surge in the share price as we get closer to the dividend date. I’m holding from .72 and would like to see $1.75 before selling-daughter is getting married in July so need some cash!! Thanks for such informative stock info & advise and overall some darn good picks!!!
Editor: It is likely, especially if they announce they have refinanced their bad debt. I believe that is the key, and they are working on it quite diligently.
Have you ever seen this site?
http://www.smallcapnetwork.com/
It’s the same format as yours?
Editor: Yes- I am a contributing editor on occassion and part owner. If you are following the stocks on that site- watch CCBEF over the next couple of months. Looks like they are headed for some explosive growth.
I am in at a much lower price than where it is now and i’m holding on for the long term. By long term I mean a few years. I’m hoping this eventually reaches the $1+ range. But for right now i’m trying to get in as low as possible, any chance we might see it go backwards below .08 at all, and maybe into .06? I feel that this company is in the right direction and I don’t see it going below .06 after this quarter because if they keep this pace, then we will continue to see more and more profitable quarters. Especially with the help from “The nations leading wireless specialist”. Thanks for all the help.
Editor: The short term objectives have been achieved on this one, but I am not quite ready to comment on the longer term prospects. I hope to get some color on future catalytic events next week, and should be publishing some sort of update in the next week or so.