On the other side of the coin you have to ask yourself why you are here in the first place? The answer is simple, you are here to capitalize on the big gains that these stocks offer. The reward is commensurate with the risk. If you aren't willing to take the risk than odds are you are never going to reap the profits these stocks provide.
NWTT is a lot like the stock market in March 2009. Like NWTT the market was a big risk back then. No one believed it was going to head higher, and no one seemed willing to dip their toes in the water either. But it wasn't long before the stock market had its believers back and it roared ahead to post one of the biggest rallies in history. NWTT is just starting to get its believers back and could see $.004 or better short term.
NWTT rocketed higher today to the tune of 366% to close at $.0014 leaving a lot of 'coulda', 'woulda', shoulda's' still standing on the launch pad in disbelief. No one ever said making money in this market was easy. But don't say the Guru didn't give you advance notice of NWTT's impending launch. I brought this stock to the blog on May 11th. Since that time I have posted on the blog about NWTT more than 9 times including having NWTT on my watch list last night at $.0003. Here is what I was saying about NWTT throughout May and the past few weeks:
http://pennystockgurus.blogspot.com/search?updated-max=2010-06-08T22%3A09%3A00-07%3A00&max-results=7#uds-search-results
May 17th: NWTT this stock is in the cusp of a major break out. At $.0002/$.0003 the risk reward ratio is low, meaning buying at $.0003 could pay off handsomely down the road.
May 18th: NWTT I do think it is only a matter of time before this $.0002-$.0003 stock heads to $.0004-$.0005 and beyond.
May 24th: NWTT I still think this stock is a great buy at $.0002-$.0003. This stock will surprise many of you and I think $.001 will be the price it sees before the summer hits.
May 21st: NWTT this stock is ready for a big move from its $.0002/$.0003 range. I am looking for $.0005-$.0007 short term with this stock. I don't think it will disspoint me.
June 2nd: NWTT this stock remains under the radar and I think at $.0002/$.0003 NWTT is a great lotto play. Once this stock gets some momentum it will be an easy 200-300% gain.
June 5th: NWTT I can't emphasize this stock enough. At $.0002/$.0003 NWTT offers a chance at an easy double or triple down the road. It's that simple.
Last Night: NWTT the $.0003's continue to be under pressure and I suspect they will be gone if the current rate of buying persists. At some point NWTT will trade 100-200% from these levels, it is only a matter of time.
In my first post about NWTT on May 11th I said "If you look at the historical chart $.001 is a significant point of resistance. After that price level, NWTT could post an even bigger breakout." Now that the resistance of $.001 has been broken through, we can look at $.002 as the next logical point of resistance. Seeing how quickly NWTT moved today, I think tomorrow that price point will be tested and successfully breached.
This is a stock to add to your watchlist, if you haven't already done so. It should be interesting to watch going forward.
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3 comments:
great pick Bob, and your new site looks great, with the forum and all. Keep the picks comming as you definately have some grateful members.
I don't know Bob. You said 100-200% from these levels (.0002/.0003), and obviously you were wrong. Try like near 400% just today. Tomorrow's going to rock. Thanks for this great one.
Thanks for yet another great heads up. Got in at 0.0005 instead of the 2s/3s buy hey I'm more than happy!
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