NQ Mobile (NQ) Stock Analysis 10/28/13 October 28, 2013

NQ Mobile (NQ) Stock Analysis 10/28/13 October 28, 2013.

NQ Mobile (NQ) stock dropped again after the trading halt on Friday.  NQ will now have support around $9.61 & $8.46.  If NQ drops below $8.61 at any point this week, we could see the stock sink all the way down to $7.05.  On the upside, for a quick trade, buy NQ on a break above $12 or wait for the stock to break $13.38.  NQ will be highly volatile over the next 2 weeks as investors try to figure out whether or not this company is a scam.

For more information in the top stocks in 2014, visit these links - Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014

NQ Mobile (NQ) Stock - Buy or Sell? Scam or Fraud?

NQ Mobile (NQ) - Buy or Sell?   NQ Mobile (NQ) is a buy below $8, sell above $17.

NQ Mobile (NQ) dropped 50% Thursday after a short seller, Muddy Waters, issued a strong sell rating on the stock and called it a fraud.  Muddy Waters thinks NQ is worth zero since it's a scam.  Is NQ Mobile (NQ) a fraud and a scam?  I sorta doubt it.

I upgraded NQ Mobile (NQ) to buy back in March 2013 when the stock was trading between $7-$9.  Since then, shares have rallied to $26.  While I hated it above $15, the company seemed to be legitimate.  The Co-CEO Omar Khan is a frequent guest on CNBC and they claim to have over 300 million users.  That is a large number to be called a scam.  With all of the Chinese scams going around since 2011, NQ Mobile was the last company I thought would be called a scam.

NQ Mobile (NQ) will hold a conference call at 8:30am EST today (October 25, 2013) and they will try to help investor spirits.  I'm expecting NQ stock to bounce back above $14 but if we see a drop below $8, it might be worth a lottery ticket.

For more information in the top stocks in 2014, visit these links - Stocks 2014 - Top Penny Stocks 2014 - Stocks to Buy 2014

Hot Pre Market Stocks - NQ Mobile (NQ)

Hot Pre Market Stocks - NQ Mobile (NQ)

NQ Mobile (NQ) reported a huge beat on earnings and revenue last night and the stock is red hot on heavy volume.  As of this morning, NQ stock is trading at $10.20, up 16%.

NQ Mobile (NQ) reported $0.23 vs $0.16 EPS and raised revenue guidance by roughly 18% for 2013.

NQ is a now a strong buy on all pullbacks below $9.

Tim
http://www.stockstobuy.org/group/stock-picks