As I have said many times, NWT is too much of a gamble for me. The problem with trading this stock is it moves very very slowly shareprice wise. If I need to get out quickly its a decent hit I must take as the click differences equate to a high percentage. If I am not in a rush I still have to place my bid behinds 100s of millions of others. It's just not a good trading stock by my rules. This may be different to other traders but for me it generally must have a decent volume breakout and be able to move quickly. This of course can change but has not been the case for NWT of late.
Saying all that over time my money has been made as an invetor not a trader (I aint a hotshot trader). For me to invest in NWT I'd have to see some bonafide measurable changes. If that was to happen I have no doubt that the shareprice would be well north of its current price. To me that's when the risk reduces. its the old reward versus risk factor. Right now there is alot of risk.
Really though for me, AB is the main issue. Not alot of trust based on history, a lot of it very dubious ethical wise in my opinion. Doesn't help when he makes silly statements like 6 bill shares is good for the company as it creates volume.
Miss out on opportunities because of this history? Maybe so, but its not as if there arent any budding prospective companies out there to choose from is there?
We each have our reasons for trading, investing, buying, selling, thats what makes the market. Don't begrudge anyone making money, I'll probably be proven wrong, just stating an opinion that's all.
NWT Price at posting:
30.0¢ Sentiment: None Disclosure: Not Held
