look when a share drops like that a lot spec buyers jump in and look at some quick bucks. They drive it up for some to join in then dump for a quick gain.
Those spec buyers may also be existing share holder removing them self oh a high drive, then also becoming spec traders to re coup on dips. This is not helping buyers that want to invest long term. no one wants to buy in to see it go down such as it has last two days.
U have to take a punt that its undervalued not over sold. it may have been over sold yes but it has to be based on buying at value.
value to day is what people pay as there is no secure info on its financial status.
so it will stay as it is till news is forthcoming. under 6 cents may be a gift, or may be not.
i would buy it at 10 cents if it shower value. or 20 cents. the value it was before you can forget.now move on to the new NEN do the sums.
NEN Price at posting:
6.0¢ Sentiment: None Disclosure: Not Held
