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  • NNRX A Great Pick??? 1 comment
    Sep 27, 2013 12:22 PM

    NNRX - a short term swell?

    NNRX seems to catch the attention of numerous investors as its recent acquisitions and expansion plans have created a movement in its stock price. For instance, the company opened at $1.25 this morning and has already reached $1.30 per share. As of September 25th, its market valuation reached a whopping $58M; the question is, will it create a lasting swell? In all fairness, since it initially opened at .78 and rather quickly rose to $1.30, it created a massive liquidity. Given that NNRX has traded 2.5 million shares at over $1 per share, it represents a dollar value over $2.5 million. For a stock of this category, it holds a viable potential for a continued growth, at least for the time being.

    Nutranomics, Inc. (OTCPK:NNRX), formerly called Buka Ventures Inc., founded in 1997, is a public-traded company that has developed and distributed lines of health products. More recently, the company has signed a share exchange agreement with Health Education Corporation, an established neutraceutical company that generated nearly $3,000,000 in revenue in its last fiscal year-end statement. Moreover, as part of its plan to inject dynamic effort toward the capture of the increasingly growing Asian market, Nutranomics has announced that it would meet with Unlimited Network of Opportunities (UNO), the largest MLM company in the Philippines. Proactive and dynamic, the company demonstrates a keen ability to increase its sales, thus its stock value.

    Since the company recently changed its name and symbol, there is very little data to have an extensive chart (shown below); however, next quarter will most surely show its bull movement as it continues to rise.

    (click to enlarge)

    As a conclusion, although this stock is showing a spectacular increase in liquidity and dollar value and may easily go significantly higher in the short term, the company does not possess the fundamentals to warrant a $53 million market valuation. Consequently, over the long term, the stock could very well drop from current levels. The next Microsoft?... Some may think so with the news that the company may be bold in its upcoming marketing campaign, but for the time being at least, NNRX appears to be a short swell that any investor can take advantage of while it lasts.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

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  • jokest5894
    , contributor
    Comments (3) | Send Message
    A very SHORT swell...
    30 Sep 2013, 09:01 PM Reply Like
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