guys1 Oct 2009 00:07
have u guys forgotten that many institutions bought into this share before the consolidation? they didn't buy into NTG to see it fail. and guess what? they haven't sold(yet?) either! the company is now stronger than what it used to be, nothing has changed. anybody selling at a loss now could look back in 2 or 3 months time and regret. in shares, a wrongly timed entry point can end up in a 3 month wait sometimes.
the only reason i can think of why the share price is droppping is to make it more attractive for institutions to buy in. again, this is just speculation. if an RNS appears with many institutions pulling out, then we can all sh*t in our pants. for the moment, stay put unless u are willing to take the loss. next time check some indicators before buying in, like RSI, P/E ratios, etc.
this is the other share i've noticed is dropping drastically and i'm hoping to have enough funds to buy in at 215p level if it gets there. if NTG drops below 200p, then i think i would get worried but for the moment, i'm not going anywhere.