Well I'm not Akki but I would say absolutely. I have been trading NEU for many years and I'm in a free carry position and I was going to ride my remaining shares through to ph3 results. I had no intention to buy any more, but when I saw this share price collapse, I couldn't resist adding more. I bought more at $1.07 a few days ago.
All I can say is, it's a gift at these levels.
One thing is for sure it won't be trading at these levels as we close in on ph 3 results.
But obviously that is a long way off and what gains it makes in the short term is anyone's guess, but I would expect the downside from these levels to be low.
NEU Price at posting:
$1.36 Sentiment: Buy Disclosure: Held
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