NAG & SLT, two Charles’ companies
Basically, they have many things in common since they have the same parents.
SLT was always a bigger sister until recent, there was a coal rush.
Now that the coal bubble was broken as we saw GXS hard landing. The insiders of GXS have already fled away long before yesterday’s NR, so we will not see any sizeable rebound for GXS. NAG with only 2 comfort letters, took advantage of the GXS rise and had an unbelievable run-up. Charles and Bruce knew their company so well so they dumped their option shares without a single second hesitation.
Now we come to a point that:
NAG is still close to 400% higher than its 52week low, which is 5C.
SLT is 22% higher than its 52week low, which is 9C
NAG has issued lot of NR and halted several times during the run-ups, now it comes to a point of News shortage.
SLT has issued none NRs for a long time so I assume NR(s) should be due sooner or later.
I am not posting for cheaper NAG shares, I would not buy a single NAG share from now on.
When TraderJeff1 and HHappy came out together and asked you to buy NAG shares, it is an ominous sign. Eom