AI
Thursday, October 04, 2007 6:34:31 AM
My take on NWOL's trading action : If you look at the post reverse split big drops in most companies, the maximum drop happens in the first few days..this is because retail cannot sell (due to the fact that our accounts are frozen) and the companies start selling..it hasn't happened in NWOL's case..Actually we closed higher than our pre reverse price yesterday..I was watching level 2 yesterday..SBSH came on the bid and things started looking up right away..I am also thinking UBSxxt is shorting..
I have a feeling NWOL will buy more here and take it upto higher share price and then put out some solid PRs..More importantly if NWOL forces ndol scamsters to give back the shares, then watch out for big breakout..That is my biggest point of interest at this point..
The entire scenario narrated about is nothing but an educated guess from my side
Don't take it to the bank..
I have a feeling NWOL will buy more here and take it upto higher share price and then put out some solid PRs..More importantly if NWOL forces ndol scamsters to give back the shares, then watch out for big breakout..That is my biggest point of interest at this point..
The entire scenario narrated about is nothing but an educated guess from my side
Don't take it to the bank.. All posts are only my opinion and are not buy or sell recommendations.
