Here we go again with the "bigger" world scenerio and the woes of the many affecting poor lil ol NOT. Humbug.. not going to happen..no in the short or longer term...
Why do I say this you ask?? Simple...we don't move with the bigger market..its just to big to take a speculative stock with it. Stocks like NOT and the area plays move with their own news and marketing strategies...bottom line "news" is what makes our moves...
So that being said what news do we have that "could" send us higher? Lets see...hmm.... excellent drill results are already part of the company history...expansion of present DE anomoly and future discovery of new remote anomolies has already been percieved as inevitable....new joint venture to expand the outlying areas where NOT won't be drilling for ages (speeds up the process at a 50% cost in profit to NOT...meaning they get 50% of the profit with little or no cost to them.... cash on hand to make things happen without expensive financing weighing down on the stock valuation... long term uptick in the commodies has been presented numerous times by the investment experts.... Oh yes...and of course..take over rumour and possible behind the scene bids for part ownership in NOT by those who "know" what a real story is...
We are not going anywhere but up... don't be decieved by those who eloquently remove your shares from you. Corrections happen...good companies whether big or small experience them...its like giving blood..you regenerate new fresh blood..its a self healing thing...its natural..its good because it makes the next leg of life even sweeter when your in a healthier condition.
If your long...stay long.....hold.... If you swing trade...I would hesitate to right now... If you short...NOT is not the one to do this with... My lil ol words of wisdom...
Have a fun investing day.. MM