Hi Susie,
I don't know if I can offer you any intelligent talk, but for your followers who a brave enough to try and "catch a falling knife" you guys might want to look at NETA. Just 2 weeks ago it was at 50, it got dumped big time today (by institutions) and of course NETA made their earnings warning after the bell.
I have no idea where it will open, but typically, somewhere between 10 and 10:30 these things usually bottom, and if it is truly bottom (like down another 5 or 6 points !), it is quite easy to buy and sell with a few hours and make between 1/2 and 1 point. (but whatever you do don't get greedy !)
I tried it with AXNT on Monday, and the only mistake I made was that I thought 9 was bottom. If I had waited 15 minutes, I could have gotten AXNT for UNDER 8 and sold for 8 3/4 less than an hour later. (instead, my order filled at 8 15/16 and I sold for 8 3/4 an hour and 15 minutes later !) As you can see it's very risky but the percent gain for the time invested can sometimes be really good.
Note: In NETA's case, I believe there have been some news releases on the subject of accounting irregularities, which is far more serious than simply having a bad quarter. So there's always a chance that NETA may not get the same "bounce" as other stocks that are dumped after bad news.
I figured since I post on this thread, I should contribute at least ONE stock idea. Wish I could let you guys in on a 3-bagger, but I'm usually the last to know about them.
Regards (I'll try better next time),
Chris |
