There are wayyyyyy too many punters expecting a quick buck out of NWE, hence the massive selloff. Some of the comments about the dog status of the stock and less than complementary views on management attest to this. Does anyone actually think the kockatea will be the money maker at arrowsmith? It seems strange, but I think this flush out is good for the stock long term. Goodbye short term gamblers, hello hands that may be holding the 20mil+ traded today a little tighter.
NWE Price at posting:
5.2¢ Sentiment: Buy Disclosure: Held