Registered User
Joined: 8/21/2005
Posts: 9
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Posted: Thursday, September 15, 2005 5:54:26 PM
Nexm looked great the other day when it was featured, but anyone who did not take profits pre-market today must feel like a bag holder. Sure there should have been some give back with the buy the rumor sell the news crowd, but the pre- at 2.90 to the low at the end of the day at 2.05 on good news is ridiculous. Or maybe not, considering this antithetical buy and hold market. Any opinions/ideas why this sold off so severely and anyone brave enough to try to call a bottom?
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Registered User
Joined: 10/7/2004
Posts: 2,126
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this is a copy of my comment right from the strategies and notes post leaded by Mr. Worden.
"Well look at NEXM today, quite a change of character - don't you agree? What could have so dramatically change in the fundamentals of a company to yield a drop in price of this magnitud. Consider that this equity was trading in the upper 2.80's in before-market session today and has hit lows of about 1.91. That is much more than volatility, that is nuclear explosive. For the most part I do not take into primary consideration your propietary indicators, but MS in this case has to be taken into consideration. I do not know what to make out of volume - more than 5 times the average. The red bar sticks out like a knight's bloody sword. I strongly suggest that if the defense lines do not hold at about 1.5 this is a lost battle.
What do you think about your last comment "it may even look better now"? Do you think it may recover from this fall? What do you think triggered it? ". If you are holding, you should be not.
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