Northgate recap: 50% down in 1.5 months

No Comments » Written on October 5th, 2008 by
Categories: Northgate
I had talked about Sustained Insider Selling in Northgate Technologies, on a post dated Aug 21. On that day the stock was at 290. The chart then:

Look at where the stock is on Friday:

A drop to 145 is now halfway, in a month and a half. No more insider selling noted after that post, but someone's been pulling the plug. No F&O - so no shorting - so it's investors pulling out.

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About the Author: Deepak Shenoy
http://www.capitalmind.in
The man behind Capital Mind. Deepak has co-founded MarketVision, a financial knowledge startup. He has traded the Indian Markets for nearly a decade. Deepak lives in Gurgaon and fears using long words.

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