The huge volume and up days corresponded nicely with the road show. Three days in Boston, Philly (had I know I would have told them to head to Reading and I'd buy them dinner), New York, and Denver, ending with a nice finish off in their own backyard, Milwaukee. Q2 wasn't discussed because everyone knew it was their quiet period, they discussed the fundamentals and prospects of NETP and their business strategy. In retrospect the analyst day in August makes sense, they institutions know its coming and they get in before the price goes up. Institutions were squeezing out whatever retail sellers they could and will for the next month or so.
Looking at their schedule, I wouldn't be surprised if they schedule another road show for the West Coast around then also. (Maybe while they're out in California anyway)
I have to say, don't know for sure what the stock is going to do for the next few weeks, but I'm getting really bullish, and if the price doesn't take off Monday, I'll be buying all I can then. Just wish my 401K wasn't all screwed up, or I could get my hands on that and invest that as well. Really pisses me off, 100K sitting there and all I can invest in is Lincoln Benefit Funds. 2 days after NETP runs it will probably free up..
oH, and Snyder did NOT attend the road show, other than the Milwaukee meetings (for those who were wondering). The CFO did. |
