RE:Technicals say around 82 cents or so88guy88 wrote: numbers are not great.........
I would concur. Expect a bit more selling tomorrow... perhaps down to that 82 level
I listened to the conference call, and the analysts who asked questions did not sound very enthusiastic about some of the responses they were getting from Neulion management. Yes, there's a lot of potential; but I'm guessing that, like many, they're getting a little frustrated with the "next quarter results will be better" story.
Also, one could sense the frustration with Ralph Garcea's question, specifically calling out why Neulion is trumpeting supposed "big wins" like surfing and skateboarding, when major world sports like Cricket and European Football (soccer) go seemingly untapped.
I'm expecting further weakness in the share price, especially given the added uncertainty brought on by market jitters related to the outcome of the US election.
As I mentioned before, this still remains a "show me" story...
as in show me the money, in term of increased and growing revenue.
GLTA