Some people are angry because they felt influenced to buy this stock at a high price. I think this idea of pumpers taking advantage of others on the NOT board has taken on mythic proportions. As you can see from the following, this stock was above $6.50 all of two days during the recent price shoot. I'm sure people were celebrating and happy but I don't remember anyone saying 'buy this now because its just going up from here' I think most of us were as incredulous and excited as the next guy.
Be that as it may. I firmly believe that $6.88 will be seen as an incredible bargain in the history of NOT.
NORONT RESOURCES stock price history
Date Open High Low Close Volume
10/30/07 5.830 6.000 5.010 5.280 8,093,600
10/29/07 6.760 6.880 5.860 6.080 5,362,121
10/26/07 6.850 7.050 6.660 6.730 1,971,214
10/25/07 6.500 6.840 6.500 6.660 3,798,299
10/24/07 6.250 6.710 6.240 6.410 4,084,777
10/23/07 5.940 6.290 5.890 6.240 4,612,774
10/22/07 5.400 5.930 5.330 5.880 3,520,594
10/19/07 5.790 5.800 5.380 5.600 2,602,748
10/18/07 5.350 5.930 5.260 5.780 4,641,106
10/17/07 6.050 6.300 5.350 5.560 11,418,117
10/16/07 5.650 6.380 5.560 5.890 10,971,775
10/15/07 4.930 5.550 4.800 5.550 11,399,108
10/12/07 3.900 4.480 3.800 4.320 13,110,305
10/11/07 3.500 3.950 3.500 3.790 7,334,242
NOT or the others?
Other stocks may give you more multiples for your pennies in price fluctuations on rumour and expectation - mainly because they are cheaper. Example BMK going up 30% to NOT's 10%. But for long term power and wealth I feel more comfortable with the bulk of my money on the more mature and proven exploration companies, on the cusp of new discoveries, companies like NOT.
BK