NLX has recoverded for 21c to 25/6 c yesterday due to brokers...

NLX has recoverded for 21c to 25/6 c yesterday due to brokers getting interested again in the company. Surely, the innner circles of broker analyst read the research report early and get set (if they wanted). Yes indeed, Bell Potter issued the 6 pages report on 6/10/05 with a buy2 rating when it was at 22c.

The key point if NLX can sell the car parts for about 30m, NLX will loss of sale of 150m (due to car part) and little loss of profit (page 2 of report).

Have the big boys got set early and the retail (mum & dad investors/tarders) come a bit late?

27c is the latest SPP price. Those people that paid 27c will be happier if the price can get back to 27c and offer the chance to get out break even or stay for the medium term.

Any way good luck for all holders.

DYOR before buy or sell or hold
Regards,
BL