Keep in mind this stock is also held in multiple ETF's. When those sell off w/ the rest of the market thinly traded stocks like NCT will be extra volatile w/ ETF liquidation triggering stop losses and causing a major overreaction. Hence the late rally.
A few things to factor. First this is a very volatile field and it was given a negative wallstreet dagger earlier in the week. The news of the split/merger coming has people confused coupled with just about everyone feeling fat and happy both in the market and in nct. Profit taking will happen. Personally was waiting for high 9s to buy. I may take a stab in the 10.30 range later in the day. I think there is one more sell run left. Best of luck to all
Do you think trees grow to the sky forever? This is not Netflix or Apple from last year. The stock is up close to 40% in two months and did 2 secondaries in the middle of a post-fiscal cliff stock market rally. It is due for some sort of consolidation