NQ Mobile is up 7% today

Discussion in 'Stock Market Forum' started by Wise_Turtle, Aug 5, 2014.

  1. Wise_Turtle

    Wise_Turtle Guest

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    NQ Mobile, the stock that has come under fire from short seller Carson Block is up 7% after taking a hammering over the last few months. The stock was down in the 3's just a few weeks ago and has jumped up about 100% since then but it is still off it's all time high by a lot. If the company can get their 20F (annual report) filed then there should be a great opportunity to cash in on the situation. However it's a risky investment since although the fraud allegations have not been proven true (and many were proven false) there is still a potential for a total loss.
     
  2. cameronpalte

    cameronpalte Well-Known Member

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    Interesting to see how it is up after having been hammered. I would be interested to see if they can maintain the momentum and continue to grow up. Interested in seeing what happens with the 20F.
     
  3. allswl

    allswl Member

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    It went up to almost $25 last November and has seen a fall and now the price is hovering around the $6 to $7 range. I am not sure based on what is happening in the market, that the price will go much beyond what it is now.
     
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