Read WSJ article about NXRA IPO several weeks ago. Very unsuccessful IPO. Now, two coverages are on this dog. I like to watch the action of NXRA in next 6 - 12 month. $4-$5 is my target. if I cannot get it in this range, so what, just forget
it. Any thought welcome. The ex-nxra-employee, what do you know about this business? Who are the NXRA competitors? TIA.
I'm in at 10, so I was definitely unhappy to see the price fall to 7 again. However, I'm still bullish on this stock in the long run. I think the price will go up, but it's going to take quite some time. I'm hoping its above 10 by December.
NXRA did not rebound very well with the market today. Can anyone make a prediction for a very near the future? "the former junk bond king Michael Milken" is prof. con. It looks like that the Street doesn't trust him too much. With Lawrence Ellison's money, however, he may come up with something. Ex. investing in Hoover's Inc. Waht about his brother,Lowell?
I really would not have expected Nextera to rebound today like several other tech/'net stocks did (i.e. Yahoo, Amazon, AOL, etc.). It's not in the same industry, and the price was not drastically beaten down in the previous days like the others had been.
I do know that Nextera has gotten some brokerage coverage recently, and the recommendations were Moderate Buy and Strong Buy. Also, the price hasn't dipped below 7 for awhile. I'm hopeful that 6 1/2 is as low as it will ever go.
Yes, I'll concede that I'm not thrilled with its current price (again, I bought at 10), but we should remember that the stock has only been trading for about 1 month.
There wasn't any news regarding Nextera after its IPO, so I'm also hopeful that now that it's being covered and that there's some news on it, it will start to climb. Maybe we'll be back at 10 by December. In fact, if I had some extra cash on hand, I'd go ahead and buy another 100 shares while the price is down.