I may well be wrong but I think what we are seeing is the Baby boomer generation, who own 90% of the wealth of the world, getting scared as they are approaching retirement and are not willing to risk what they have. They are investing in the "safe" stocks (Banks, AMP, Telstra, etc) which have yield to fund their retirement. Stocks which have risk associated with them like NWE, MEO, TTE, CCU, BCC etc are being hammered, despite having significant resources and longer term potential.
NWE are suffering because there is a lack of buyers. It does not appear to me that there is any dumping of shares it just small trades. The fundamentals have not changed and the results from the A2 well are still being collected and evaluated. The concern is, as Duckpond has pointed out, the lack of share price response to the productive annoouncements of both TTE and MAD. That is something which does not make a lot of sense.
NWE Price at posting:
2.5¢ Sentiment: Buy Disclosure: Held
