NEULION, INC. T.NLN

New technical target

[Craigbad]

Event Date:	Sep 01, 2015
Opportunity Type:	Short-Term Bearish
Close Price:	$0.75
Target Price Range:	$0.40 - $0.48

Price Period:	Daily
Volume:	463,632
Pattern Duration:	10 days
Inbound Trend Duration:	8 days

[sr71loki]

This is two weeks old.  And it was wrong.  Nice try though.  I guess you forgot to "edit" the event date.

[Craigbad]

Very thin bids on level 2 and a very small sell order could trigger a new 52 week low immediately. Low end of target likely to be hit in a choppy market. Capitulation very likely.

[kynarr]

I highly doubt the SP will drop any lower than it's lowest point of yesterday. I think it will only go up from there on, but should it really go down to that level, man.... I'll just add to my position as much as I possibly can. I never thought the SP would drop from going up to 90 cents after so many positive news. It's such an amazing opportunity. Am I dreaming?

[Craigbad]

Be patient kynarr, once there is a 52 week low it is statistical that it is rarely ever the last. Might get a small bounce here but there is likely another 20 to 30% price drop from here when probability is taken into account. 

[ryanp84]

Statistical analysis aside, the company is trading at less than 10x forward p/e. I personally don't see it dropping to .40, but if it does I'm loading up.

[kynarr]

It'd be amazing if it dropped another 20-30%, and I've got funds ready just in case, but I just don't see it happening. You've shorted at 1.20$ right? Cover it man, you've doubled! It's insanely cheap right now. Now's the time to invest in this company. It shouldn't even matter that you don't see it generating net revenue at the time, it's poised to go way

[Craigbad]

I generally find wedges and triangle technical patterns to be the most accurate, but thats not to say things may change. Next week will be key. I'd rather let the market tell me what to do. I figure if i go long at low 40 cent range there could be a nice bounce off there. Not many buyers in the que so it seems unlikely to hold 56 cents and once that breaks targets are very likely to hit. I

[Canoutchie]

I don't think Craigbad's prediction of capitulation will come true necessarily, because, in my mind, capitulation on this stock has already occured.  As such, I'm holding my current position, but not adding at this point, because I think there might be a slow drift lower in the stockprice, perhaps even into the 40's, although this is just idle speculation at this point. In

[Craigbad]

You have to look at sequential quarterly income statements to get a picture of what may happen when the next quarter is released. The loss has gotten bigger the last couple of quarters. They need to find a large amount of high margin revenue in a short period of time to make this econimical.