Seeking Alpha
  • John Rayhall
    NILE down almost 30% right now! Is this a buying opp?
    11/9/11
    Reply (16)
    • Market Maven: Burned once already this yr on that name. That being said, i'm staying aware, but GL... has to be good for at least a bounce
      11/9/11
    • John Rayhall: I didn't buy it yet but I mean it's been here before and recovered right?
      11/9/11
    • 458402: It is right around some pretty strong support...I am going to nibble. Thanks for the heads up
      11/9/11
    • Windsun33: Lots of management turmoil there, a bit speculative
      11/9/11
    • Market Maven: I believe so. Like I said, probably good for a bounce... but I base that on nothing more than knife-catching roll of the dice
      11/9/11
    • John Rayhall: Pretty well known brand name think it should bounce I'll nibble. No prob 458402.
      11/9/11
    • 458402: In NILE at $34.10
      11/9/11
    • John Rayhall: I see $34.50
      11/9/11
    • John Rayhall: It looks bad for sure. I value your opinion.
      11/9/11
    • Boatyzaffa: John- just my opinion, but I wouldn't buy it
      11/9/11
    • John Rayhall: http://yhoo.it/uY4QTt
      11/9/11
    • Boatyzaffa: so a floor at 22.50? thats a long way down
      11/9/11
    • John Rayhall: Yes true seems to have found support in the high 33s for now.
      11/9/11
    • John Rayhall: Maybe I'm stupid and too much of a gambler but I bought some at 32.90 and 34 YIKES!
      11/9/11
    • Boatyzaffa: u r a good trader John!
      11/9/11
    • John Rayhall: Ha thanks I try :)
      11/9/11