NBS nationwide building society.

beware of 'good' news

  1. 723 Posts.
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    Recent share price movements in NBS make me suspect that NBS is going to release some 'good' news in the near future. My guess is that when this 'good' news is made public, there will be a spike in the SP. This will allow insiders to get out with a short term trading profit, and johnny-come-lately punters will be left holding the can. The share price will then quickly return to earth, as it always does, once the market realises that this 'good' news is not exactly what it seems at first glance.

    IMO, no matter what NBS announces to the market in the near future (e.g., no matter how 'certain' they sound about a given revenue source), punters should not believe what NBS says until NBS's auditor has confirmed the requisite cash receipts from said 'contracts'.




 
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