There are those out there who would wish that the lemmings or sheep or whatever would all jump over the cliff.It might then be possible to pick up this stock for peanuts. The more bleating and panic inducement the better for the pros who are clearly active. Who says Naughton is selling? A wild guess perhaps. Why would he sell at these levels? And who cares. What we are seeing here is none other than a typical market scenario characterised by the few disgruntled giving up in disgust . The volume , however , for those who bother to follow what is going on via the charts , is very slight in the case of all three candidates. More than likely , and typical of bottoms is that the shareholding has pretty much changed hands since the far distant highs , although the confirmed longs and importantly , the big insiders are still very much intact. Things looked rather perky prior to the delay announcement and since the very predicable reaction to yet another delay , things do not look all over red rover from where I stand. The Ovature data has not yet come to light. So where would one expect the shareprice to be? If anyone is going to give up in disgust , would it not be a crying shame to give ones holdings to the very manipulators who delight in taking them off those unfortunate enough to be unaware that this is what happens at bottoms. Good luck and take a hard look at where the balance of probability really lies.
NRT Price at posting:
41.5¢ Sentiment: Buy Disclosure: Held
