Mark wrote this about NURO:
I’m thinking an opportunity may be coming to short NURO, if it’s unable to penetrate resistance at the 50 dma and becomes oversold (and the market conditions look good to initiate a short). What’s your take? The recent high volume plummet was seed investor Harris & Harris Grp selling its stake of a million shares.
I think (hope!) Mark meant overbought instead of oversold. (I do that all the time.) I totally agree with Mark on this stock…
Mike,
Of course, I meant overbought. After I sent the e-mail I was thinking, “Did I write ‘oversold’”. That’s what you get when you don’t proof read.
I see NURO is down 3.75%. I haven’t opened a position, though. Was waiting for the right time.
Mark