quote:

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Originally posted by Ming:
NNCO hit .019 again today --- the pattern seems to be hitting around there, then shooting back up to around .035 later, or at least going back to .027

I like it, what do you think?

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Composite Indicator
Trend Spotter (TM) Buy

Short Term Indicators
7 Day Average Directional Indicator Buy
10 - 8 Day Moving Average Hilo Channel Hold
20 Day Moving Average vs Price Buy
20 - 50 Day MACD Oscillator Hold
20 Day Bollinger Bands Hold

Short Term Indicators Average: 40% - Buy
20-Day Average Volume - 13763870

Medium Term Indicators
40 Day Commodity Channel Index Buy
50 Day Moving Average vs Price Buy
20 - 100 Day MACD Oscillator Hold
50 Day Parabolic Time/Price Buy

Medium Term Indicators Average: 75% - Buy
50-Day Average Volume - 6500602

Long Term Indicators
60 Day Commodity Channel Index Buy
100 Day Moving Average vs Price Buy
50 - 100 Day MACD Oscillator Hold

Long Term Indicators Average: 67% - Buy
100-Day Average Volume - 3342111

Overall Average: 64% - Buy

Price Support Pivot Point Resistance

0.03 0.02 0.03 0.05

But don't hold long term. Once you've seen a good profit, sell and get out for the next dip.

10qsb certainly does not look very good....
http://biz.yahoo.com/e/040223/nnco.ob10qsb.html

Neither does the chart...
http://stockcharts.com/def/servlet/SC.web?c=NNCO,uu[m,a]daclyyay[db][pb5!b10][vc60][iUg!Lp66,5,3]&pref=G

I guess I will try to bail out with a loss.

GLTA

Nannaco, Inc. ("Nannaco" or the "Company") is a reporting company under the federal securities laws and its shares of common stock are publicly traded on the Over The Counter Electronic Bulletin Board ("OTCBB") under the symbol "NNCO". The Company was incorporated under the laws of the State of Texas on October 20, 1998, and immediately thereafter began operations. The Company's shares began trading on September 5, 2002 on the OTCBB. The Company provided surface cleaning, surface protection, surface restoration, and other services to commercial businesses, as well to the owners of historical buildings. The Company has operated under the trade name of Surface Pro in order to relate to the principal business activity, since the Nannaco name does not indicate the type of business.

Until September 30, 2003, Nannaco focused on surface cleaning, surface protection and restoration. However, sales from these products were not sufficient to enable the company to continue operations and the Company changed its strategy due to poor operating conditions and their operating results coupled with difficulties in raising capital through debt and equity sources. The Company adopted a new strategy during the fourth quarter of 2003 that committed to the disposal of its current business and to seek a merger/acquisition transaction with a Company having better financial resources. As of September 30, 2003, the Company ceased all operating activities under the surface cleaning, surface protection and restoration business and disposed of most of its assets while formulating a plan to improve it financial position. In December 2003 and January 2004, the Company issued several announcements related to the change in business. The Company has moved to a new line of business as a consultant and advisor to customers. Revenue will be recognized when collectibility is assured, generally upon receipt of payment and the Company will be treated as a development stage company, effective October 1, 2003.

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2004 OUTLOOK

The ability to invest further will be heavily dependent on securing additional capital from investors or debt. There is no assurance that additional equity or debt financing will be available on terms acceptable to Management.

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NET LOSS $(694,940)
=========

NET LOSS PER SHARE - BASIC AND DILUTED $ (0.01)

-------------------------------

The Company issued common stock to several parties in non-cash transactions during the three months ended December 31, 2003. For these issuances, valuation was determined based upon the stock closing price on the date of grant.

I'm holding on. I may buy more. Generally I don't like to "average down", but in this case with NNCO just recovering from "E" status, I think its still as safe bet.

Perhaps not mid 20's within a week, but it is a matter of time, just see the charts. This is not the kind of stock that just takes a prolonged nose-dive forever. It's a roller coaster stock, and it is simply dipping further than I had expected.

b-2004

Quarterly Report

Item 2 - Management's Discussion and Analysis of Financial Condition and
OF OPERATIONS.
GENERAL

Nannaco, Inc. ("Nannaco" or the "Company") is a reporting company under the federal securities laws and its shares of common stock are publicly traded on the Over The Counter Electronic Bulletin Board ("OTCBB") under the symbol "NNCO". The Company was incorporated under the laws of the State of Texas on October 20, 1998, and immediately thereafter began operations. The Company's shares began trading on September 5, 2002 on the OTCBB. The Company provided surface cleaning, surface protection, surface restoration, and other services to commercial businesses, as well to the owners of historical buildings. The Company has operated under the trade name of Surface Pro in order to relate to the principal business activity, since the Nannaco name does not indicate the type of business.

Until September 30, 2003, Nannaco focused on surface cleaning, surface protection and restoration. However, sales from these products were not sufficient to enable the company to continue operations and the Company changed its strategy due to poor operating conditions and their operating results coupled with difficulties in raising capital through debt and equity sources. The Company adopted a new strategy during the fourth quarter of 2003 that committed to the disposal of its current business and to seek a merger/acquisition transaction with a Company having better financial resources. As of September 30, 2003, the Company ceased all operating activities under the surface cleaning, surface protection and restoration business and disposed of most of its assets while formulating a plan to improve it financial position. In December 2003 and January 2004, the Company issued several announcements related to the change in business. The Company has moved to a new line of business as a consultant and advisor to customers. Revenue will be recognized when collectibility is assured, generally upon receipt of payment and the Company will be treated as a development stage company, effective October 1, 2003.

Revenue:

Operating revenue increased $12,255, or 369%, to $15,577 for the three months ended December 31, 2003 from $3,322 for the three months ended December 31, 2002. Even though there was an increase, the total amount of revenue is insignificant as a result of the Company making the decision to exit the current line of business and to focus on being a consultant and advisor to customers.

Cost of Sales:

Cost of sales decreased $4,599, or 54%, to $13,133 for the three months ended December 31, 2003 from $8,534 for the three months ended December 31, 2002. Even though there was an increase, the total amount of revenue is insignificant as a result of the Company making the decision to exit the current line of business and to focus on being a consultant and advisor to customers.

Operating Expenses:

Operating expenses increased $657,100, or 1,930%, to $691,150 for the three months ended December 31, 2003 from $34,050 for the three months ended December 31, 2002. The increase was primarily the result of a $333,865 increase in compensation, a $88,499 increase in consulting, and a $213,300 increase in legal and professional. The increase in compensation, consulting and legal and professional was primarily the result of the issuance of stock for compensation and services.

Other Expense: