Is is 4.1? Or is it lower? I have a harder time reading charts with stocks like NLST that don't have a historic trend line.
In any case, this has a gap to fill.
Watch for a mass exit -
$4 won't hold for long - the stock manipulators behind the scene will be decimated, and dumped into by the crowd; and eventually, the manipulators of the stock will be the ultimate bag holders - and they will capitulate in the end.
There is nothing concrete here for the gamblers, who are already losing bigger and bigger by the hours.
$4 should be a good level to watch first.
Remember $4 was tested two days ago during the gap down after hour. That is usually a good indication for any stock.
However, that's a short term, like for day trading only. Longer term, this stock is going back under $1 for certainty.
It's a simple case - no major company would try to qualify NLST product when the company is involved in lawsuit on the very patent for the product.
The majors will go with Micron, which has been working with Inphi. And the Inphi interface chip is twice as faster as NLST claimed.
For the majors, they would be comfortable with the fact that Micron will be the shield/cover for everything, since Inphi only provide the interface chip technology. It's low risk, but high reward with the better technology, and Micron is a major play itself and safe to work with.
NLST is pretty much dead money already.
There is nothing to hold NLST at $5, except maybe the phsychological part of 5. So once NLST goes to 5, there is no reason to assume it will hold there. Anyone see anything differently in the charts?