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  • joltingjosephine joltingjosephine Jan 27, 2010 1:24 PM Flag

    Stock in a free fall

    At what point do you think a Dead Cat bounce might occur? It is really hard to tell I know, but for a short term trader, do you think at around .42 she could rally back a bit, or is it headed to the .30's?

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    • I'm not a short term trader, so can't answer your specific question. Without fundamentals, like revenue, it could keep dropping. I'm not sure how attractive this investment is even if they did have a project being built. Usually it takes 8 to 10 years of revenue to pay for all of the turbines, sub-stations and other construction. I'd guess some outside company will buy NACEL, take the leases and develop them. Don't know what price per share they'd offer, but at this rate, it may be close to ten cents.

0.00270.0000(0.00%)Jan 26 9:31 AMEST

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