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Re: richdad813 post# 30

Thursday, 06/18/2015 9:08:35 PM

Thursday, June 18, 2015 9:08:35 PM

Post# of 410
NETE? I'm aware of it on the stocks hitting new lows screener list. But I don't prefer it as it is in a sector that tends not to have as much positive volatility for trading at typically 'over sold' levels when compared to other preferred types of stock sectors.
It could be a rebound play potentially at some point, but internet, technology, media, etc, types of stocks are a sector I don't play too often, as they have a tendency to drop like bottomless pits.

In contrast I'm watching a dozen or more stocks i like more than this which also are in better sectors for regular dependable volatility (biotech, energy, mining, etc.).
I'm not saying NETE does not have potential to rebound for a trade, but in contrast to many others i see hitting new lows recently, I don't prefer it, while trying to time the bottom on that type of stock and sector tends to be very frustrating.

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