If you have read my various NAN threads you will know that I love this company, it's business model and strategic position. Beware of "the machines"!! Have a look at this Closing Price from July 1 2015.
The 4 points are:
1. Context..the great times in the mid-year SP around $1.8
2. The short traders got hold of NAN and drove the price down to the low $1.2o's
3. The 3Q 4C was a terrific announcement showing the continued orderly growth in the business following the move to a full internal sales force in the US; price up to the $1.60's
4. Irrational trading behaviour with small volumes trying to drive the SP down to trigger any stop losses and drive the SP lower.
What I think is going on? The "machines" (short sellers/bot traders) have open short sales positions and are trying to drive the SP down to profitably close out their trading positions; they will continue to do this until either they succeed or the performance of NAN is such that they have to lick their wounds and leave!! I hope the b@$%&*%s lose their collective shirts!!
Fortunately for us rationality prevails and the machines have, so far, failed...may it continue indefinitely!!
Cheers
NAN Price at posting:
$1.62 Sentiment: Hold Disclosure: Held
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