"I'm not the most seasoned investor but the more stocks I have on my watch list the more I see no matter what the news it gets dumped into."
You obviously don't have MWR on your watch list. Not all stocks get sold on news. With this stock, and with many others, when the news was expected the short term traders sell into the news. When the news is unexpected or surprises to the upside then the stock can go up on the news. With TNG I think it might take some serious evidence of financiers getting close to approving debt for the sp to actually begin a sustained march higher. Before that, we might see a gradual re-rate higher but with volatiliy, especially after the AGM and the chairman issue is out of the way. I don't think news of a new respected chairman will get sold into. I expect that will bring in more sustained buying. Don't sell on that news would be my tip.
TNG Price at posting:
10.5¢ Sentiment: Buy Disclosure: Held
