RE:RE:SUPPORT AT THE .90'S ???Earlier this morning, my Level 2 screen showed almost no volume on the bid side, so I put in a stink bid in the low 90's, somewhat expecting it might get filled.
As I check now, at the close, it looks like my bid has been trumped as someone tried to purchase several thousand shares on the bid side at 93, which I'm assuming won't be filled.
It's a good question, how low this stockprice will go, especially if one is a short-term trader; however I'd still be reluctant to sell at this level, and as evidenced by the orders that filled the bid side during the day, it looks like at least a few others feel the same way that I do.
I'm not a technical trader, although I do try to watch basic technicals, but I agree with the previous poster who thinks there should be resistance at 90 cents. My strong conviction on this stock is based on my own financial projections for this company, through the end of 2016, based on information found on the sedar.com financials and md&a for this company, by which I've projected my own estimates on future revenue growth and have calculated a $2.50 target price (so basically looking for a double, and then some, in the next 18 to 24 months... but I have no projection on where short term volatility might take this).
The risk factor, of course, is that future revenue growth is entirely dependent on how successful Neulion is in getting continued adoption of its services. While it's true that there are relatively few barriers to entry for another competitor, as Neulion continues to successfully execute, then brand recognition/reliability in terms of the service should keep customers coming back to Neulion as the preferred choice.
GLTA.