Take a look at the short position in relation to the chart... Each time there has been a nice runup it has been the reduction in short position that has propelled it.....There is still a significant short position to be covered.....What was their sell price????
Maybe they are just desperate to cover, and that means a willing seller.....No better place to get sellers from than the longs.
Facts are facts...... grade is king and NOT has some of the richest grade ore in the world, it is near surface in a mining friendly province in a mining friendly country.
Risk in staying long...... minimal.... risk in being short....limitless
I don't have to convince anyone to sell or buy the stock.... all I need to do is let RN do his job...... sit back and enjoy the Xmas season..... one that is considerably nicer for us longs because of RN and NOT.
Short position:
Looks like they need almost a million shares to close and the volume is very weak....... Thats why the desperation...... squeeling like baby pigs....LOL
Short History |
|
|
|
Symbol |
Report Date |
Volume |
Change |
|
|
|
NOT - V |
2007-12-15 |
891,800 |
44,800 |
|
|
|
|
NOT - V |
2007-11-30 |
847,000 |
-30,200 |
|
|
|
|
NOT - V |
2007-11-15 |
877,200 |
-271,825 |
|
|
|
|
NOT - V |
2007-10-31 |
1,149,025 |
-1,218,475 |
|
|
|
|
NOT - V |
2007-10-15 |
2,367,500 |
47,293 |
|
|
|
|
NOT - V |
2007-09-30 |
2,320,207 |
-249,593 |
|
|
|
|
NOT - V |
2007-09-15 |
2,569,800 |
2,221,300 |
|
|
|
|
NOT - V |
2007-08-31 |
348,500 |
348,500 |