the way i see it.

A few reasons as to why there has been a sold down on NSL

*The ASX dropped 4.something percent while NSL was in suspension. People with margin calls during that time had $$$ tied up in NSL and were holding good profits. Instructions were to sell on open.

*Buy on rumour, sell on fact.

*Accumulators pushing down price with small sell orders. (someone may be able to tell me if true or not)

*No point buyers stepping in until a bottom has been found.

*Newbies buying on hype after recomendations from taxi drivers etc... panic selling after price drop.

*General confusion on the announcement. It can be read both positive and negative.

*I notice that none of the long termers have sold. These are the people that have done their DD and research. That in itself must say something.

Yes it's a concern, but am I worried.....no.

Today is the first day of a new IO powerhouse in India.

As always DYOR and IMHO


*I hope this passes mod's scrutiny, I have tried to be as realistic as possible, but please remember I am bullish and my post should be able to reflect my sentiment.*

Cheers,