It seems to me some existing investors have had their confidence in NEN shattered by the events of Friday with a 75% reduction in the stock price. That's understandable.
In situations like this it's important how one handles it.
For some the first reaction is to take their loss and run and look for someone to blame.
Others will take a deep breath and look to the company fundamentals before taking action.
The market often over-reacts both on the upside and the downside and this is where fundamentals become important IMO.
For those of us that were buying Friday I would think we see the company being worth considerably more than the 7c closing price.
Could the price fall further tomorrow? Of course it could but to me we are very close to the bottom if not at it. I see value @ 7c which was my entry point and even better value should the stock fall further.
JMHO
Good luck to all.
Cheers
NEN Price at posting:
7.0¢ Sentiment: Hold Disclosure: Held
