wbone re: NXTL
I haven't seen any news on NXTL... maybe I missed it too.
The Wordon Brothers mentioned NXTL in a list of possible shorts on 8/8 and I pulled up charts on all the stocks on their list - ADBE, CMVT, LLTC, NXTL, SEBL, and VRTS. I started slowly shorting a little.
All of them fell off the next day.
Each day I looked for intra-day short opportunities and got a few.
I set audio alarms (on WOW quote list) at what I thought were their most recent resistance levels from the previous week or so.
As they all started a slow climb back up, I boxed a couple of them, watched as they neared resistance levels and prepared to sell short again if they failed to break up through resistance.
NXTL seemed the weakest since it was fading while the nas continued to inch up, thus, I watched it more closely than the others which continued to follow the nas upward.
That’s about it in a nutshell.
If the nas falls lower, NXTL may go along with it and there’s some wide open spaces below before it could find support. Otherwise, it’s right on the lower edge of support and could rebound with a rising nas. |
