RawGreed Requests, NWD

dots Posted on November 10, 2005 , filed under Stocks | Print This Post

Casey L. writes,

What are your thoughts on NWD? I purchased today with the anticipation to break past the 52 week but I was wrong, it dropped a lot. Do you see potential?

It appears to me that there is some heavy speculative trading going on with NWD, New Dragon Asia Corp. When day traders get wind of the stock, it can move up quite fast. I believe in the short term, NWD may drop down a bit more since the recent rise in price was quite aggressive. Yesterday NWD announced strong 3rd quarter results and the price of the stock still dropped. This suggests that investors were overally optimistic about the company’s 3rd quarter earnings results.

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