Re: For those who want to get out today, Yangzhh
posted on
Jun 02, 2008 01:34PM
"Yangzhh, I too have noticed that the charts are negative on NOT. I'm afraid though that they're going to push this stock down further. There seems to be no one supporting the stock and it seems that it's going down about the same ammount everyday. What ever happened to the promoters?"
That's the problem with charts. It's not the charts that are negative, they only report on what has happened and don't regard the reason behind the market action. The reason this stock is going down is simply because people expect it to and then the charts just regurgitate that which has already happened. As long as people are looking for cheap shares in a great company, they will wait. When someone says this could go down to 2.50 then people will wait as long as they can for the bargain. Some will miss out others will not be so greedy and get NOT for ridiculous prices. There is only one thing that will stop the down trend and that is news. Until then, take a break from the monitor.... unless you are trading.