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NetSol Technologies, Inc. Message Board

  • db30373 db30373 Jun 26, 2013 8:18 AM Flag

    Why didnt NTWK bounce off recent news?

    I am first time buyer here. With recent announcement was wondering why shares went the other way. Recent insider transactions are on the buy side as well? Can someone help me out here

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    • All I can tell you is patience . This stock moves when its ready to move not when any of us think it will. Trust me it will move . I would expect at least one more dive for stop losses then a climb out of this range, Patience is mandatory with this stock. Tolerance will help with this message board and some of its posters.

    • Shares are manipulated on very low volume. When momentum gets going in one direction, pressure is exerted to keep it going.

      I think that there are a fair number of people playing this between about $9.75 and $10.50 both on the long side and the short side. I know that I am with a small number of shares aside from my core position which I'm holding for something in the $18 to $20 range.

      The Russell addition, new contracts, and next earnings announcement should be sufficient catalysts to get the shares over this hump. It will just take a little time until all of the people playing games can't play them any longer. In the mean time, just go with it.

 
NTWK
4.12+0.14(+3.52%)12:44 PMEST

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