GREY:NADVF - Post by User
Comment by
husk16on Mar 21, 2011 6:24pm
371 Views
Post# 18318551
RE: RE: RE: New Era for NAT?
RE: RE: RE: New Era for NAT?not sure what the SP will do short term. I don't predict SP.
What I do know is the deal is a game changer. I am interested to see the entire terms of the deal.
NAT is being brought in because of the technology of converting the flax. I believe they are the only one doing it or they are the furthest ahead. Also NAT is able to make a product at approximately 50% of the cost of cotton currently. If this continues or if cotton continues to go higher that is only good news for flax.
Today there was really only 1 seller (Anonymous) it was one seller with a refreshing ask. Nearly 300k shares traded at the 52 week high. I have a position and will continue to add on weakness.