NANOTECH ENTERTAINMENT INCORPORATED (NTEK) In Motion; Strong Momentum for Holders – KL Daily

July 25, 2017 - By Clifton Ray

The stock price of NANOTECH ENTERTAINMENT INCORPORATED (OTCMKTS:NTEK) recorded $-0.001 in recent trading, touching $0.024 and getting interest from avid investors. Its the latest price, but lets analyze how the stock has been doing recently. In the past year, NANOTECH ENTERTAINMENT INCORPORATEDs stock was big mover. According to the short interest report published recently, (NTEK) had 17,100 shorted shares for 0 days to cover. The prior short interest was 35,900 for a $-52.37 change. The 52-Week High and Low are noted here. -70.00 % (High), 20.00 %, (Low). The stock had 2.99 million average volume.

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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. Its important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the pump and dump. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.

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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like We are not market advisors, weve got compensation and we may have this stock in our portfolio. Further study must be carried out to find out if a firm actually has businesses or is simply a home office.

Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as fake arent good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.

Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.

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More news for NanoTech Entertainment, Inc. (OTCMKTS:NTEK) were recently published by: Seekingalpha.com, which released: NanoTech Entertainment: On The Verge Of Something Big? on March 16, 2015. Prnewswire.coms article titled: NanoTech Entertainment expands its UltraFlix Streaming Television Network to and published on May 31, 2016 is yet another important article.

NanoTech Entertainment, Inc. operates as a maker and developer of technology, television content, consumer goods, mobile applications and consumer software. The company has market cap of $2.44 million. The Firm generates revenue form a mixture of licensing products to third-parties for manufacturing and distribution, as well as the manufacture and sale and rental of products directly to the consumer. It currently has negative earnings. The Companys business comprises three business units: Ultra Media Group , NanoTech Media (NMED) and 4K Studios (4K).

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NANOTECH ENTERTAINMENT INCORPORATED (NTEK) In Motion; Strong Momentum for Holders - KL Daily