The question is... Has NEN been overvalued for the last 10 years? If you think the answer is yes sell, if not buy or hold. The data is available to everyone in terms of share price for the last ten years. This looks similar to the scenario that played out in MEO. They have been making a loss for the last three years or so when they announced their bad news. The price drop wasn't as severe though. Which gives this opportunity more potential. The huge volumes will attract the day traders. The spikes will have there effect on those still holding shares, however I believe as those sitting on the fence are weeded out, and those holding until the true value of the share is achieved become the majority. The price will steadily rise. Offer a steady rise is observed the nay Sayers will change their tune. just like in MEO. The question will then be " Does anyone know why the price is rising? " have a look at the discussions for MEO. The price will move back toward its true value it's just a matter of time. MEO turn around was about a month.
NEN Price at posting:
7.1¢ Sentiment: Hold Disclosure: Held
