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Novation Companies, Inc. Message Board

  • freecashflowgrowth freecashflowgrowth Aug 17, 2011 2:53 PM Flag

    Peter Hristov's opinion of NovaStar


    In part his comments:
    <<Furthermore, at the end of last week the latest quarterly report of the company was filed. The report showed that the company has managed to overcome its working capital deficit form previous quarters. The company also shows a positive bottom line. The financial report, however, is not audited.

    Since the positive quarterly report was published, NOVS has been rising in terms of both volume and stock value. Only yesterday did some correction took place after NOVS shares dropped down 4% to $0.47.

    NOVS closed exactly at the 50-MA, which is now acting as a support line. The days that follow will show whether the 50-MA will remain a support for the stock, or once again turn into resistance.>>

    Check out the message on Investor Village at this link
    by AOK

    This topic is deleted.