First its a dumb rumour. It holds no water really except that there are two things that happen in summer normally. First there is holidays for investors and more importantly staff of the business(s) they invest in leading to a slowdown or leveling off of business. Once the business levels off the price manipulation begins to drop the price over the two month summer lull. This is likely true for many stocks out there, but I think its mostly NOT true for the speculative stocks. Furthermore the market as a whole can go into a summertime lull as well, albiet the last couple of drops in market valuation where NOT in the summer months so that again doesn't really hold water.
The main reason for the saying is that people tend to take profits to go on summer vacations, buy cars or do what they like to do in the summer. There again is no merit to the statement. Only a saying.
The bottom line.....NOT will NOT be a good stock to sell and walk away from at any time. This and the other ROF companies are in the early phases of discovery with a lot of news coming. The new assay plant is also going to increase the speed results are returned and that will increase the number of news releases. Finally sayings are only what they are "sayings" and should not be read into any more than that.
Long, Strong and Firmly Committed to NOT,
MM
