Seeking Alpha
  • det9
    $NCT would not drop. What gives? Any general trend before sec offering?
    1/9/13
    Reply (11)
    • Ocean Man: Still defying both gravity and logic. At least it stopped going up. We'll know by Friday.
      1/9/13
    • det9: I am yet to see in my limited experience stock up on secondary. hopefully a pleasant surprise on Fri.
      1/10/13
    • det9: Allright OM !!! Make or break day for this. I think $NCT is associated with some big brokers is the reason why it did not drop so far.
      1/11/13
    • det9: I shorted more at $9.88 earlier today. Very big position. Hopefully wont be disappointed.
      1/11/13
    • Ocean Man: This situation has been very puzzling. I've never seen anything like it.
      1/11/13
    • det9: Still holding up pretty good. I guess we have to wait.
      1/11/13
    • Ocean Man: The clue will be whether or not 50M shares trade today, or if the volume earlier this week was the secondary. I fear the latter.
      1/11/13
    • det9: That does not bode well. Can sec shares float before the announced date?
      1/11/13
    • Ocean Man: They announced it Monday, saying it'd close by Friday. I've never seen 50M shares get sold for 9.35 while the market price stays above 9.90.
      1/11/13
    • Ocean Man: 9.77 might be a good exit price. What's your average? Half of mine are from 9.93.
      1/11/13
    • det9: My average is 9.78. I am not sure to exit or not yet.
      1/11/13