The worst thing about this whole scenario is that the stock will lose it's momentum, built up over the weeks and months before.
I remember the same thing happened to ADY (last reporting season), and they were peaking at the time with 'millions' on the buy side, and when the stock came back on the boards 'fresh', it seemed to have lost it's momentum, and confusion reigned for weeks.
It took quite some time to recover as the market overall views this type of thing quite seriously, and it does seem to strangle all that built up credibility.
As well as that, newbies and broking houses who would have bought in, may move on to the next bargain, and let's face it, there's a lot of them out there right now!
Hang tough Nido-ites........could be a battle ahead for a while!
wrxsti
****e-mail from david whitby****, page-9
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Last
88.0¢ |
Change
0.025(2.92%) |
Mkt cap ! $200.7M | |||
| Open | High | Low | Value | Volume |
| 88.0¢ | 89.0¢ | 85.5¢ | $28.94K | 32.94K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 3908 | 88.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 90.0¢ | 18330 | 1 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| NDO (ASX) Chart |