What is going on is really puzzling. Some institutions are doing something leaving us individual investors in the dark wondering.
Sorry, but I meant "Suppose the forced sale was not disclosed until afterwards"
Suppose the forced sale was not disclosed afterwards, would dumping 3 million shares on the market for a stock with an average daily volume less than a million make some significant impact on the price? I am puzzled by how it could happen.
Was the huge price drop due to these forced share sales?
Thanks for the elaboration. It sounds like that no one knows the real book value. It can be inflated easily, but the sale shows they have assets that have real marketable values. I hope some analysts will provide some clarity soon. If they have difficulty for growth, the company should consider sell all the assets and return the cash to shareholders
At this point of time, what is the book value/share? Is the book value still $15-20/share in realistic terms?
The sale (4 billion peso) seems to be more than the market capital as of this morning before it went up 40%.
Has he been buying every month?
Thanks for all the analyses that have soothed my nerve, netsollong. Probably I should ignore the stock price until it reaches $20 or any unfavorable event occurs.
OK, I think I got your point - it may take a few days for some to digest the news before jumping in.
I agree with you that NTWK is undervalued and this is why I am long. Thank you for the good points, but the stock has gone up more than 10% without any news during this period. Maybe it is normal for it. It had wild swings without news before.
Either some know something that has not been disclosed (insider trading?), or some are manipulating the stock. I am long on this, but this kind of rapid rise without any news makes me very nervous. Any good explanation would be greatly appreciated.