The problem with NENG is that we've had no institutional buying. All the big block spikes have been to the downside. We need to see a volume spike to the upside and I have yet to see one of those yet. Maybe we'll get some tomorrow... I only hope they are not to the downside like the one today...
Right now, I'm not TOO concerned with NENG. I have some in my LT port.
It's the NENG in my ST port that has me pissed off.
But, I'm making it up on AMCC!
A few weeks ago, I really thought about selling NENG and buying SCMR because they both were trading at about the same price and I thought going forward SCMR would outperform (ST port).
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