I recommended NOT to a friend over the winter. He had made some extra cash and was looking to invest it. I think it was around .60 cents at the time. He asked me this question.
"If you had more cash to invest, where would you put it?".
I told him any extra cash I have, had, and will have, is and will be in NOT (and GZD) for two reasons.
1. Average down since NOT is was my largest.
2. Great potential
He nodded his head and said..."OK, I'll check it out."
In the end he did not put a penny in this stock. He had spoken with a couple of "investment advisors" with his own DD and in the end did not see anything to it but secretly followed the SP anyway (He confessed).
Well, He called me last Thursday to see how I was doing but before I could answer he asked me what the hell was up with NOT. He is kicking himself for not getting in at the time. He is now hoping for a consolidation (to about $1.50) this week and is planning on buying NOT if it does. With the momentum of this stock I think he's SOL.....again.
He probably will get in at some point but at a much higher price, he's a "over a buck I'll looksee" kinda guy. Perception is reality and some couldn't be bothered looking at anything under a buck. I loaded up my wife's TFSA after reading about hole 49. Nuf said!!
Good Luck to all next week!!