Seems the Thomas Weisal report probably intensified whatever drop was developing. Imo, the drop was mostly "technical." Money flow was negative and the volume was reasonable, suggesting some of the traders in this stock are funds -- probably playing such "technicals." The 40 - 41 area is both the early December high, as well as the 50 day moving average. They have combined to be of some resistance to a further up move...that will, no doubt, be successful shortly. Indeed, chart wise (see link below), NUFO is looking very good, but it may get down to about the 30 or so area before heading back up. There are a series of higher lows, and 'even' tops, developing (a pennant formation) that are looking as if the stock will be breaking out (one way or the other) very shortly. My guess is up...as NUFO has almost no chance imo of dissappointing this quarter. The products they support are generally THE most advanced. 'All opical', etc.... They are probably truly at the "sweet spot" (along with SDLI. As for the TW report, seems they missed some key pipeline products that could be very successful...and thus I'd say the report is -- well -- less than forward looking. All this said, the next day or so could see some profit taking in the NASDAQ and NUFO seems to have anticipated that weakness. We'll see I guess.
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