OTCPK:NEPTF - Post by User
Post by
gwrbion May 03, 2011 2:03pm
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Post# 18523764
No follow up news
No follow up news
Too bad management couldn't come out with something positive to announce in support of last month's big jump (which came about from third party articles). I thought there was a good chance they could sustain the build up into the high $3's/low $4's.
On days like today, when commodities come off, it should be good news for all stocks with no connection. In fact, the continued rise in oil and gold, etc. is probably bad news for consumers and the general economy. But NTB will get dragged down by all the red coming out of the commodity space. Which doesn't make any sense.
The oversubscribed commentary today is a little bit of an oversell. The buy price is $2.25. Currently trading at $3.00. Of course it was oversubscribed.
One huge support factor right now is a ton of shares were acquired last month for pricing above $3. So lets hope there is support in the $3 range. Otherwise buy a bunch more, and ride it back up to $3.50 next month.