From today's price action, I believe shorts will attack tomorrow. I am preparing to buy tomorrow when shorts push NQ under $6.5.
Longs remember NQ is not a fraudulent company. This is a fact. The independent investigation report concluded that.. Don't be fooled by shorts.
100k is my target. I had only 10k right now. I will load based on market condition and only buy when it pulls back.
Your price is great. Good luck.
What a roller coaster! Today's volume will be 15 to 20 million which will be higher than the last day of last week. This is a very bullish sign.
Isn't matter for you? What is your strategy? For long term, NQ will go much higher. In short term, it will not straight up for sure. I think it will settle between $6.5 to $7 and be back $7 to $8 next week. The shorts and profit taking will lead NQ drop to fill the gap in near future. My target is to accumulate 100k shares before 20f is filed.
Yes, keep some shares for sure alway and prepare to buy back and buy more when it pulls back. The volume will be very high. It will be an amazing day.
Today's rally and last two day's up will form a big gap between $7.5 to $7.5. The valley was under $6 with high volume. That is the gap. Let's wait and see. It will be a straight up in near future. If you belive in NQ, you will have plenty of time to pick up cheap shares. According to my experience, the audit will not be filed next few weeks, otherwise NQ will give a definite time already. Thus, 20f will not be seen after one month from now. As a long, we need to prepare for the pull back. It is not I pull cold water here. I just don't want some longs get hurt when chasing the rally for a short term profit.
Good luck to all.
I sold some at $7.5 few minutes ago. I will buy back when it is filing the gap.
Short will not give in so easily. As long as 20f is not filed, the short will use it as accuse to attack. Thus, there is a plenty of time to buy before 20f is filed. In mean time, the rally will consolidate around $7.5 and test $6.5 again to fill gap in near future. Good luck to all.
Longs, I am supporting your guys after I studied NQ. I am accumulating NQ when it pulls back at low $6. I would like to accumulate 100k shares. Let's see whether the market will keep NQ low so that it will allow me to accumulate the amount of the shares at low price before 20f is filed.
The video shows how wrong MW made using a partial of his collected information to make accusation. He thought AMT inflated purchased price from one point source data only. He ignored the other sources. His mistake was made judgement based on partial information. AMT was just one of wrongly accusations made by MW. MW made 7/10 mistakes from his records. The other big mistake made by MW was on Chinese company 360. MW's accusation on 360 was also based on partially collected information. He did not see whole picture when he made the accusation.
The independent investigation result of NQ shows that the accusation by MW was the error again. NQ will be another mistake made by MW.
NQ will stand the test. In few months from now, NQ will be as Chinese 360 company stronger after accusation. 360 went from $20 to $120 in one and half year after MW's fraud accusation.
NQ was in oversold area two day ago. If it can close above $6.5 tomorrow and around $7.Nq will become bullish again.
Longs need to remember the facts of independent investigation results. It was done by a big four accounting firm and a big law firm after 7 months of investigation. No fraud was found. There were many longs who have been shaked out last Friday by the panic sell. These longs forgot these facts.
I am sure NQ will be much higher from here. There are 15 million shorted shares. $33 will not surprise me after NQ file it's 20f, but for now NQ needs to recover back above $7 to be bullish again in short.
1. Various Institutions/ investors and third parties have verified NQ's cash position at different times.
2. On April 30, 2014, an independent investigation audit was done by a law firm with a big four accounting firm. The conclusion is no fraud was found.
3. NQ has more than 1400 employee with many verifiable customers such as china big Mobil firms and sprint pcs, Samson...
4. 15 million shorted shares need to cover when 20f filled.
MW's report does not contain facts. Most of opinions are speculations. If one recalled, MW accused the chinese company 360 fraudulent two year ago when 360 was around $30, today it is trading more than $80 and more than $100 before.
20F of NQ will be filed soon and NQ will survive. By that time, truth will be revealed.
Based on these information, NQ is worth to make a bid.
My prediction on last Thursday was wrong by one day. Nq is bottom out with strong over sold signal last Friday
. Nq will recover back around $7 or above $7 by this Thursday. Good luck to all.
Nq will close around $7 tomorrow. Time will tell.
No on retail houses such as Tda and etrade. I don't know about the interactive broker. Well, you try to short as you wish.
The shorts achieved its goals by drifting doer the price. The longs helped to fulfill its objective. Good luck. Hope will buy back later.
The market markers made the short bid and continue to push it lower when there is no buyers merged at every moment.
The shorts want to push it lower to cause a panic sell. Longs need to remember the following reasons in order not to be shakes out during these drifting down move:
1. The independent investigation did not find any fraud.
2. The PWH audit house is still work on the case. There is no reason for PWH to quit since the independent investigation just finished.
3. There is also no reasons for sec or Nasdaq to force nq to stop trading since the audit process is still on the way.
4. The audit will be finished and the conclusion will be similar to the independent study result.
5. The shorts are trying to use any rumor (such as hold the trading on Monday, price going down the company must be fraud) and the price drift down to make the longs to believe nq is a fraud company.
Unfortunately, there is no organized force to court against the organized shorts. The longs will suffer the pain in short time. The audit reason will come out. By that time, you will see how evil the shorts are.
It has been one month since the company received buyout letter. Sadly, The management still didn't response the merge letter. Regardless the fairness of the price, seed should response to the letter. I am not happy with the management. It keeps the buyer and shareholders in dark. Because of this, seed's price will not be able to go above $2.4 unless a big news such as the seed approval. This might not happy after August.
I believe xindaxin is quietly accumulating the shares once a while. Last week, volume suddenly jumped more than half million share a day showed the accumulation. What they do will provide a support to seed price to trade between $2.2 to $2.4 in near future.
For the people who don't like the buyout deal extra patient is required. Without the deal, only hope for seed price to go higher is the seed approval.
Good luck to all.