hhhhmmm... it does look like some market manipulation has been going on since the AGM, including some stacking to the sell side which looks a little bit like algorithmic or AI neural trading interference.
It's interesting because I also note that two smaller investment newsletters also recently recommended NTC to their clients, as an undervalued opportunity for the medium term.
I wonder if anyone is also shorting the stock. The biggest shorting day recently was 31st Oct, with over 23% of stock traded on that day being attributed to shorts. I don't have data for this week yet, but I would be interested in today's data.
I plunged in and bought a few more at 66 cents today. I know I should have waited for the 10 day EMA to cross back above the 35 day, but I couldn't help myself. I am not a disciplined investor, much to my detriment.
And a final question for someone please.
Does anyone know where NTC gets it's hardware products manufactured?
I couldn't find any reference to manufacturing location in the annual report.
Does it have a factory in China, or an agreement with a Chinese manufacturer in China?
I hope not.
But if so, then I can understand the fall in share price, given the bans on Huawei.
