The Black Box

[sylvester80]

I doubled today a small position I have on it at 3.7 (average at 4.17) but I must say that NENG's technicals look quite bad. Looks like it is possible that it could head to 3.2 area. If the FA does not change or even I dare say starts to deteriorate, 2s and even possibly high 1s could be in the cards. NENG needs some positive news. And at this stage ANY positive news should do better than this bleeding day after day after day. Nobody seems to want NENG anymore (and based on some here it was a bargain at 4 and 5 and 6... (well, you get the idea). The chart of NENG ever since it hit 6.50 is one big selling to go along with more selling... day after day. And that spells one word... UGLY. BTW, congrats to anyone smart enough to short NENG at $6s. Good on you. It was the smartest play by far.

JMHO