Just posing some thoughts about the sp downturn today:
• The stock is being punished a little because they promised to make an announcement about some pending contracts in seven days, which was up last Thursday, and still with no announcement as of today some have got nervous. • It only appears to be a few relatively small trades that have taken the price down, no major sell-off by any major player who hold this stock appear to have sold.
It is still rumoured that several announcement will be forthcoming shortly where PIE have secured several overseas lucrative contracts to rollout their web-phones.
I hold a considerable quantity of stock and am happy to wait to see what the details of the announcements are about, am also happy to accumulate while to price has fallen.
Don’t really know where the sp will move up to, maybe back to around 10 cents in the near term if those announcements are as exciting as rumoured.
NWZ Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
