GREY:NKRSF - Post by User
Post by
valueplaysonlyon Jul 03, 2013 4:08pm
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Post# 21587576
this trades like a penny stock
this trades like a penny stockA company with 37 million acres of land should NOT be trading with such volatility. NKO has zero institutional ownership and thats why it trades as fickle as it does. After it got creamed in 2012 it became strictly a stock for manipulators .
Every Indian guy I know trades this stock. No one holds it. Find a NKO buy and hold investor , there arent any.I think this stock has a cultural following among investors in India and Canadian nationals of Indian origin. Every time its asked about on BNN its a person with an Indian accent calling. Therefore it trades the way u would expect it to in an exotic bazaar, with wild swings and huge overbought and oversold moves.
Very hard to get a handle on this one. This stock to me represents a tug of war between institutional investor avoidance because of the wild gyrations and cheerleaders who jump on and off on every bit of news.
This roller coaster prevents the stock from gaining traction because of the casino mentality of its shareholders.