Who knows. The decline over the past two days seems excessive considering the R/S was a known factor. I would like to think we have seen the bottom but every time I think so I am proven wrong. Maybe we see a bounce this afternoon? Again, who knows. There is no way of predicting the direction of the price until 12/3. One thing we do know is that NES is a very volatile stock right now so day traders may be having a field day with this. Again, panic selling would be a mistake IMO.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.