One to Watch: NEON (NASDAQ)
posted on
Feb 01, 2008 09:26AM
Expanding Global Energy Portfolio
NEON Update: (Catalyst is Earnings)
I am not one to venture far from the TSX/TSXV, but this one is an exception, but I am biased because I own some.
Recently been trading down around $3.30-$3.40 range and as low as $2.75 and has only 23 million shares outstanding and an $83million market cap. IMO this one will do well on the news of financials and could move quite quickly as I "expect" the numbers to be pretty good. However, it is a trade not an investment and the reason I hold it is for the news, and will most likely be out most of my position on the news or shortly there after.
So we are about 2 weeks or so away from these numbers and tough picking up shares with so little volume, but it shouldn't be a problem getting out becaue the volume should be there.
Their new IR firm put up a corporate backgrounder and power point presentation on their website recently, so if you are considering taking a position take a look at these two links:
Presentation: http://www.allencaron.com/clients/ne...
Corporate Backgrounder: http://www.allencaron.com/clients/ba...
This is not a recommendation, just an update do your own DD. I have done mine!
Cheers,
cvac01