{"id":1924,"date":"2013-07-11T15:12:21","date_gmt":"2013-07-11T15:12:21","guid":{"rendered":"\/?p=1924"},"modified":"2013-07-11T15:12:53","modified_gmt":"2013-07-11T15:12:53","slug":"is-there-a-glimmer-of-hope-for-northumberland-resources-inc-otcmktsnhur","status":"publish","type":"post","link":"\/articles\/is-there-a-glimmer-of-hope-for-northumberland-resources-inc-otcmktsnhur\/","title":{"rendered":"Is There A Glimmer Of Hope For Northumberland Resources Inc (OTCMKTS:NHUR)?"},"content":{"rendered":"

\"1NHUR.png\"It was the beginning of the second week of June and things were bad enough as they were for the people who had shares of Northumberland Resources Inc (OTCMKTS:NHUR<\/a>)’s stock. The ticker had wiped out more than a dollar off the price it reached during the height from May 20 and some traders were looking at losses as big as 64%. Hopes for recovery were thinning out and people thought that only an optimistic press release or a new pump campaign could cause some significant movement around NHUR<\/a>. That’s when things got worse. <\/p>\n

A contributor on Seeking Alpha called Mr. Brett Wilson woke up at 4AM on Monday to publish an article in which he explains that NHUR<\/a> don’t really deserve that much attention. The article speaks about the ridiculous market cap, about the year-over-year decrease in revenue, about the management team’s affiliations with other penny stocks and about the pump itself. All that publicity did have an effect on the ticker, but unlike the pumpers’ optimism from May that pushed the stock to a height of over $1.80, this coverage sent it on its way to oblivion. Monday ended with 2.6 million shares changing hands and 26% in losses. Tuesday wasn’t any better with around 955 thousand shares in volume and 19% wiped out, and yesterday, the ticker took another blow when the shares traded throughout the day amounted to 1.4 million and the loss was nearly 30%. This means that while on Monday NHUR<\/a> was traded around $0.82 per share, it is now standing at just $0.32. That’s 57% of the value gone in just three sessions of trading.<\/p>\n

Enough of the numbers, it’s time to look at the future. We wrote yesterday, that the Seeking Alpha article is encouraging traders to “short” sale the stock as much as possible and that is why we warned you that a potential entry at this point could prove to be a bad move since the descend is expected to continue. NHUR<\/a>‘s management team, however, doesn’t appear to be happy with the way the ticker’s been performing recently and that’s why they stayed up until after midnight yesterday to tell us about the developments around their oil wells. Apparently, they dug a hole in the ground on Monday (just as the ticker was digging a hole, itself), put a pipe in it, put some cement around it and in about seven days’ time, everything should be set for the black gold to come out of the ground.<\/p>\n

\"34NHUR_logo.png\"That’s an exciting piece of news and if this were a normal company, such a thing would have given the price a new lease of life, but let’s not forget the extremely volatile atmosphere around NHUR<\/a> and the fact that the ticker already managed to leave quite a lot of people out of pocket. Of course, this wouldn’t have happened if it wasn’t for the pumpers. A piece of news like this one would have given NHUR<\/a> a massive boost, had the ticker been left to its own devices. A 10-Q with some positive numbers in it would have pushed it even further up, but unfortunately, it simply wasn’t to be. The $3 million promotion crushed the price, the shareholders and many traders who wanted to play the whole thing and make some quick and easy money.<\/p>\n

Right now, the only hope for them is to see NHUR<\/a> turning profitable and staying out of further promotions. If that happens, the ticker might regains some of the lost confidence but it won’t be easy. We’re not willing to bet on it, either, since we already know that the people standing behind NHUR<\/a> are connected to enterprises like National Graphite Corp (OTCMKTS:NGRC<\/a>), Tiger Oil and Energy Inc (OTCMKTS:TGRO<\/a>), Black Hawk Exploration Inc (OTCMKTS:BHWX<\/a>) and Universal Potash (OTCMKTS:UPCO<\/a>) – all ventures with a huge promotional history and not much else.<\/p>\n","protected":false},"excerpt":{"rendered":"

It was the beginning of the second week of June and things were bad enough as they were for the people who had shares of Northumberland Resources Inc (OTCMKTS:NHUR)’s stock. The ticker had wiped...<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[773,55,746,401,772],"class_list":["post-1924","post","type-post","status-publish","format-standard","hentry","category-news","tag-bhwx","tag-ngrc","tag-nhur","tag-tgro","tag-upco"],"_links":{"self":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/comments?post=1924"}],"version-history":[{"count":0,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/posts\/1924\/revisions"}],"wp:attachment":[{"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/media?parent=1924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/categories?post=1924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/articles.thehotpennystocks.com\/articles\/wp-json\/wp\/v2\/tags?post=1924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}