A month ago this stock was trading at comfortably over 2.20. So what has changed fundamentally in the last month? Some low grade news around the patent case and the AGM which didn't shoot the lights out but certainly wasn't a disaster. The stock however is down around 40%, it's oversold. Do I think it will turn around in the next year? Maybe, but that's not my time frame. Do I think it will be back over $2 in the next six weeks? Yes, that's why I'm buying...
Maybe I should have qualified my statement. If you are a swing trader, this is a buying opportunity.
NEA Price at posting:
$1.59 Sentiment: Buy Disclosure: Held
