RE:RE:NAL on the rebound from a double bottom?The low volume leaves us suspectible to manipulation but hopefully the new year sends more buyers our way: credit upgrade, strong yoy growth, more promising outlook for oil prices, increased activity, shoudl all bode well for Newalta.
As a stock that lost money all yr, I would "guess" this stock has been hit particularly hard by tax-loss selling, which hopefully means we will get a strong bump in January when investors look to re-enter the energy sector and look for the most battered names on sale.