NTRO ran to 40 then backed off to 24 or so before settling at the 29-31 range then took it's qp run to 45, now it has backed off again to the 32-35 area, sure it may drop a bit more however, I have not sold a single share and will add more on weakness, I am "accummulating". Absolutely nothing has changed, this
is the same stock it was a week ago albiet a bit more exposed read CNBC, also read the BBRobertson's report, "NTRO's could easily make 100's of Millions of Dollars" rather than the 15-30 Mil M-Lynch has forcasted...one good contract announcement and NTRO's will stand up and be counted...the last 3 days was predictable and any excuse, the retail #'s today was one is a way to justify theoretically, the drop in price when in reality the 8+ mil sold at the highs had to be covered, remember the float is only 5 Mil, so many that set loose stops from the highs as well as tight ones were taken out in order to "cover" the shares sold at the highs...If you look at the trading pattern the last few days the stock sold off sharply at the open then "churned" the rest of the day on the last 4 occasions...this is called "regrouping phase" once that is complete, any positive news, eg. the CPI or co news can springboard the stock upward.
all of the above are my observations coupled with opinion
this is not advice merely an observation. |
