Well only down for 11 hours this time!Gotta love @home.com -well at least in the Oakville Burlington area.
Ok what's going on here tonight.
We have a few people concerned about how this stock is performing. Why?
I blew it for sure today when I changed my close prediction, I say to myself 1000 times stick with what you say the night before, "its better to promiss low and deliver high!"
The reason I changed my close prediction during the day was simple, the volume. Why did we not see 1.60 range for close? I don't know. I do know one thing though, how many stocks in your portfolio's closed even, or for that matter even showed signs of making gains today? Probably not many, if any at all.
Abby ( US Analyst ) really socked it to the TECHs Tuesday and we saw the fall out Wednesday.
NU-Lite will not see too much of an effect by this. As it stands right now we are way undervalued. I mean WAY undervalued.
You saw the run up Tuesday, and the range we traveled, if I remember corectly, a range of .50 in all and a finishing positive range of .20 Wednesday our range was more conservative, some might even say DULL, but don't let this confuse you. How many times have you seen stocks loose 10 - 25 % just before a BIG PR ? Happens many times, MM's pushing the price down at the last minute in order to grab big chunks before the news.
What's up for Thursday? From what I understand we are in for a PR. I also understand that this NR was planned to go out last week and my take on the delay is simple; THE NEWS IS VERY GOOD. :-)
People will say Shuter justify that last comment.
Look back at the PR's what is about due, what haven't we heard about in a while. I'm just adding things up here;
- One Pr talked about Financing Due March 6th
- An other talked about Marketing and an aquisition deal with an other Large InterNet company.
Press releases are funny things, to me they are like a treasure map, and sometimes you have to do a little hunting and reading betweend the lines. No hype here, just seems currious how the second item that I mentioned, in the PR that it is contained, that particular paragraph is just thrown in, in the bottom of the page, no bells and whistles around it.
What is my Prevision for Thursday?
Open @ or slightly above our close Wednesday, $1.40 - 1.45 look for some fairly modest trading in the am and a good climb. As for the lunch hour pull back, I don't see this happening today
not today :-)
Where will we close? $1.75 :-)
Today is Thursday, and I hope you have stocked up on NLE! You had your chances.
Steve
$2-3
I will be checking in remotely today, as I will be attending an AGM for an other equity Today.
Your comments are always welcome.