re: support level
I've been a stockholder (stretched to the popping point at times on margin) for the past year, in addition to being a Platinum Distributor (after buying the stock). From all of my experience in meetings with Kevin Trudeau, David Bertrand & the other leaders, discussing the stock with everyone I know who's involved in it and just observing what's happening in the trenches, I'll throw out my two cents worth:
During the worst of times when nothing had been settled with the AG's, the SEC investigation had been announced, bad press was rampant about Kevin, etc., the stock never dipped below $9/share. I think yesterday was some people who were wanting to get out, some people taking tax losses, some short selling maybe. Personally, I think $14.50 to $15.00 would be a great place to buy right now. It's probably the most undervalued stock in the market at that price. Think about what's happening now:
Scrutiny is over (with no real changes to the plan). SEC is over (probably never amounted to anything, but they never announce ending an investigation - David Bertrand likely had to do a lot of talking to get them to write him the letter verifying that nothing was a problem). Recruiting is back in an agressive mode - beginning in September. None of the major firms have been recommending NFLI, but that will change now that the SEC is out of the picture. A new analyst's report will probably follow the year-end report. The more agressive pension funds & mutual funds will buy some stock. There's still over 600K shares (probably) sold short & not that many people willing to sell stock. Out of the 3M shares in the "float", probably only half that is actually trading. This could be the SHORT SQUEEZE of the year. As far as I know, there are no skeletons in the closet & no "other shoes" to drop.
Based on that info (and throw some more in if anyone knows of anything), do you think the chances are higher for the stock to drop or double or triple? |
