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New Oriental Education & Technology Group Inc. Message Board

  • princess.poem princess.poem Dec 10, 2012 1:54 PM Flag

    Some Sellers Deserved Losing Money

    Whoever sold last week really deserved losing money. Ignoring its strong fundamentals and low valuation, listening to rumors, and following stock manipulators are receipts for the loss. I believe many sellers were "professional" traders. Never entrust your hard earned money to them.

    Last week provided me with another chance to get back into this stock. The good side effect resulting from the summer rumors by the stock manipulator was the company came out even stronger. Its financials have been scrutinized by the SEC and many investors. Its internal management capabilities have improved. I expect the stock to get back to $20 in the short term. Longer term performance will depend on the efficiency increase the company can achieve, some of signs to be seen in its January report.

52.52-0.54(-1.02%)2:51 PMEDT