RE:Share price predictions15Stanmore wrote: On the level 2 table today:
There is currently an open buy bid for 400,000 NPK shares at .96 which suggests someone has a prediction of where the share price is heading upon release of the Q3 numbers next week. There are about 50,000 shares worth of buy orders in the range from .97 through to the current bid of $1.33 for 500 shares before you hit the 400,000 at .96.
Interesting
Even if you look at how it closed today with 500 shs bidding at 1.33 vs 14k shs ask at 1.36 - it's a mismatch. The ASDP capped any buyers above 1.50 and now it's slowly bleeding down based on complete lack of investor confidence. Only an operational turnaround can reverse this trend. While Q3 results will most certainly be bad I think most of us long term holders will be keenly attuned to whether they are mum on Q4 visibility and/or the carbon credit monetization path. If they just stick to the "slightly better market conditions" and "stabilizing commodity prices" script without offering substantive visibility toward action plan success, we will certainly see that 3rd and final waterfall move toward .90 or maybe even .80. All imo.