This could be a correction rather than panic. The share price...

This could be a correction rather than panic. The share price was factoring in a significant win and in the absence of a contract win, the market appears to be getting nervous and impatient. I haven't seen any news that the US rural broadband contracts have been awarded to anyone else but if another company is awarded the contract it might be that the company is not publicly traded and hence doesn't need to disclose the contract win. NTC will not announce that they did not win a contract unless ASX forces them to explain the fall in share price.

I am not surprised by the price fall and I did disclose I was selling once it hit $1.31. One could argue that a fair valuation is between $0.40-$0.60 if you exclude the US rural broadband opportunities. I do hope NTC are still in the running for a significant contract.

It is also worth noting that someone was testing the waters by shorting NTC a couple of weeks ago. This is the first time I have seen NTC being shorted. Maybe its nothing to worry about, but it make sense to keep an eye on the open short positions as NTC is a prime candidate for shorting.