Geesh! I come back and see that NBY dropped 15% -
Post# of 50
Geesh! I come back and see that NBY dropped 15% - Talk about bad timing! I just jumped in last Friday @ $1.40 and we end the day sitting at $1.22. I can't find any reason for the big drop, other than an article that I posted from someone at Motley Fool. If you check out the author's record, which sucks, to the member who suggested NBY you will see that the person who recommended NBY has a way higher rating. I think that author had an unknown reason to bash NBY, but obviously enough people got scared enough to sell.
The key now is to see if NBY can bounce back. If it starts to bounce I will add if not I may have to look at jumping out and then back in again after the smoke clears. Don't get me wrong, I still think NBY will end up being a great investment opportunity, but as with so many of these small biopharma companies they can take some wild swings due to short term traders, who abound these days. I just might look at averaging down too.
All insights are much appreciated and welcomed, be it bad or good. I am just always looking for the facts in regards to this company and any company I invest in. If there is dirt I am unaware of I want know about it and if there is hidden gems I want to know about those too. I sincerely thought NBY was a hidden gem, but after today I have to dig further to find out why there was this big sell off today.
Cheers!