Intel inside??, page-9

Currently unlisted. Proposed listing date: WITHDRAWN

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qben8_

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21/09/15

09:17

Post #: 16026891
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Originally posted by unawares ↑

Unfortunately, all the speculation is not supported by the chart. We have recently tested and broken the middle of 2 big green candles in December and October. Next support looks like 4.2c but failing that 3.8c at the middle of another big green.

The crash back to earth from what appears to be a very overvalued position might indicate that insiders, large players that were hopeful of "apple" type deals, may have information that has caused a loss in confidence. I do not know, but I do know the chart says we are not yet at the low. Good Luck to all holders.

PS: It was me that dumped the million units into the stacked buy side at 10c about three months ago that caused the SP to dip into the 9's for a day. Seller was referred to as the usual "muppet" and "fool" that would have to buy back higher. Sold at what was for me, the first sign of weakness, before the crowds caught on and it became difficult to liquidate large positions. BE CAREFUL OF OVERLY OPTIMISTIC VIEWS ON ANY STOCK. For now, this Muppet sits on the sideline waiting for a buy signal.
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You may be right and the chart does look awfully sick. It may well go lower. Certainly something needs to be done by the company to stop the haemorrhaging. I disagree with you that it is overvalued. Fair valuation in my opinion is circa 9c.

NXR Price at posting: 5.0¢ Sentiment: Buy Disclosure: Held
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0 Great analysis

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Intel inside??, page-9

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