PINL:NEPTF - Post by User
Post by
gwrbion Jul 08, 2009 9:23am
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Post# 16124007
The usual $1 fall back
The usual $1 fall backCheck out a long-term chart for NTB. Every time there was a significant upward spike based on news or other momentum, there was a significant fall back as excitement and volume dried up, and short term money jumps out.
I thought this time would be different, as the Bayer news was supposed to be legitimate. But, as usual, there has been absolutely no follow up (promo or details). And, the fact that key insiders have started to dump some stock is never a good sign (way to go Andre!). Also, it would be nice to see some similar hype on the Bayer side (their website still doesn't acknowledge the deal with Neptune).
Keep in mind the broader market has been in give back mode for the last few weeks.
NTB's Q1 results (May 31 quarter end) should be out soon, and look for a very positive report. Lets hope they focus some of the release on the plant capacity upgrade, and on more details on the Bayer deal. And how about some improved guidance on revenue growth?