Net Element, Inc. (NETE)

[PennyStockTrader2]

Should be no surprise ...

NETE has been beat down more than any stock I have ever seen in my life based on fundamentals. The stock traded as low as a quarter yesterday which is absolutely absurd. They are doing everything by the book, including avoiding dilution as much as they possibly can with the credit line. Could it pull back, absolutely it could, but the long range prospects are one way and that's up, I'm confident of that.

Based on this rally, I would no longer call this stock a steal, but a buy up to maybe .80. The opportunity to average down HEAVILY has just passed, but a pullback into the 40's could be an opportunity.