PINL:NEPTF - Post by User
Post by
gwrbion Apr 16, 2009 7:01pm
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Post# 15924737
Current rally
Current rallyKeep an eye on the trading volume. The last few days have blown away the regular 30-40,000 shares changing hands between small players and day traders.
So, yes, if this volume continues - it does represent new money.
Further, the new floor is probably in the $1.25 range now that the base is building in the $1.40's.
I agree that NTB is spinning a lot of the same news/hype from 2 years ago, except they are gaining credibility with true milestones being achieved (including the plant expansion for summer/09).
I see the underlying reason for this rally being the larger macro environment starting to heal. Risk money is coming back to the market and NTB is a pretty compelling place to invest for that buyer profile.
I am sure Scanner is lurking somewhere and we will hear from him (her) shortly.