NXT: One of the big potential risers of 2006? 3M & others could make it happen

Well this is either a turning point in the market or it heralds a further fall but my wife who was a Fund Manager informed me today that she sold her holding of NXT shares yesterday. She acts independently of me.

She has no interest in this BB but does operate a stop-loss system. Yesterday it hit it!!!

For what it is worth she told me that in a year when the stock market has ended on a high; every share in her portfolio has combined to return over a 27% profit and what she describes as a very successful year she has had only one disappointment, bloody NXT!!!!!!!!!!!!!

She endorses my view that the new management had better watch its step. She says they are there to add value not to allow its share price to plummet!

She thinks something must be seriously wrong if after all the positive announcements the management cannot stem the fall. She will not touch the shares again.

This is a serious indictment which the management would do well to take notice of. They have lost another long-term investor who has given up hope with the company and its management.

I have a large holding of NXT shares in a small Investment Fund. In the New Year I intend to write again to Mackay to ask him some serious questions and to make him aware that his failure to arrest the fall in his company’s share price is casting doubt on his credibility as C.E.