Looking at the chart there is support at around 50 cents. But in these types of markets you can throw the charts away. The BRR was very encouraging but only a couple of really good anns will start Neppy moving North again. Maybe the job in Asia Lange was talking about, an unexpected contract with BP, another big Apache contract etc. You know things are ordinary when a big contract (Apache) giving around 10% of annual revenue does not move the SP. The way Lange was talking i would not be surprised to see the EPS exceed the top of the forecast range , ie 7 CPS and make between 7.5 and 8 CPS. Lange said second half earnings will dominate the full years. So i expect to see some big contrat anns betwwen now and june 30. Could be some bargains in the next 2 - 6 weeks. This is an example of a stock where the current SP does not reflect growrth prospects.
NMS Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
