NEXC - NexCen Brands Inc.- Mid Cap Penny Stock- Diversified Investments

[BadThad]

Huge drop! Grossly over-sold, RSI is very, very low, stock market punishment at it's prime. The current PPS is about $2 below the 9/20 MA and about $5 below the 200 MA. This should be a bounce play.....good chance for some profitable stock trading!

NEXC on Google Finanace

Here's the reason behind the drop:

http://www.forbes.com/feeds/ap/2008/...ap5024368.html

Current PPS: $0.6092

[nexus]

Based on the news on the wire I can see why it tanked. I'm feeling lucky. I bought 100 shares.

[Aufan 1983]

This is a crazy ride today but a flippers dream. I picked up 2500 yesterday and have sold all but 500 so I was able to remove most of the risk. I'll hold the remainers a few days and see what happens.

[BadThad]

Excellent....glad to hear a couple of you got in on this one. Most of my gambling money is now in TMA, except that's a long-term play. I figure I'll lose it all or watch it return to the $20's.

[nexus]

Selling off some brands to cover their expenses. Could leave them profitable. I imagine that could trigger the bounce.

NexCen's Blass, Waverly units draw interest: WWD | Reuters

[BadThad]

The PPS has been pretty flat, I expected to see a bit more of a recovery by now....at least $1 or so.

[greencat]

NEXC could make a higher high out of this consolidation.

NEXC CHart