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Non-Tech : GNET invests in NDB. A good fit?
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To: Sarkie who wrote ()3/1/2000 11:07:00 PM
From: Peter Granic  Read Replies (1) of 151
 
Here's why NDB will drop in price again following it's recent run-up.

The stock is not followed by many analysts, and even with their earnings blowout statement there are no analysts jumping on board and raising their estimates. If this was EGRP, AMTD, or SCH, the stocks would have literally doubled in 2 days based on analyst upgrades. No firms will support the momentum of NDB.

Secondly, there has been a tremendous amount of options speculation placed on the call side. Take a look at open interest and you'll see that calls are completely overwhelming the puts. When you have this much upside speculation you can be sure 80% of the time the stock will drop off.

Finally, look at the chart for NDB for the past 2 years. Everytime it shoots up the price is short lived and a month later it is back down 50%. You gotta be silly to not see this coming this time.

Regards,
Peter
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