maybe yes maybe no,
small cap with low volume trading can have wild swings
for the long term investor it looks like a no-brainer
short term, it could go back and fill the gap at $3.50 before it makes a sustained grind up to $6 or $7
If you think this is a Pump and Dump, the question is are you making a profit right now ? If the answer is yes than you have to make the hard decision rather to sell on the news or hold on.
I think that NM is gonna open at or above 4 and then keep moving up during the week unless the entire market tanks south. It closed up to $4.00 in after hours trading Friday and I don't expect it to remain this low, particularly with an upcoming dividend, and the assumption that market continues to receive good or neutral world news. The Obama administration will continue to pump up the numbers to make sure we all believe that the economy is coming back from its' lows of the last 3 years. If you repaeat a lie over, and over, and over there will always be some folks who will come to believe it to be true...JMYO
With a target price of 7.6 I am not dumping for a while. It may slide back a bit as it did at the end of the day but it is up in after hours. Karen Finnerman recommended on CNBC some time back as a long term play and I think it is. I intend to buy into strength because I think this has legs to 7 over the next 6-12 months. That is a good return...don't outsmart yourself on this one.