Well we bounced off the bottom last week. The support level was a bit lower than I expected considering the news releases, annual meeting and joint venture with Hawk. It seems that no matter how the numbers add up, theres always the invevitable 10 to 20 percent more it can go. This is definately a state where the stock can be labelled "oversold". Keeping that in mind we have to look forward now, and I hope everyone held because the next few weeks should be very exhilerating. The month of November is historically one of the worst stock market valuation months of the year. Too many investors trying to balance their books before year ends. Everyone says Sell in May and then go away. I would hazard a guess that we could say the same for the month of November. On that note I would like to review the stock's performance based on it being 7.00 for a high in October and 3.80 for a low in November. If we look at the overall stock market many issues came to the surface which drove the market down. We were warned by those that we respect and those who pretend to be respectable. In the end the inevitable occurred and the market began a downward correction. That said the market provided little support for NOT, but if we look at the effective movement of NOT I don't see anything unusual, nothing that the market actually created. Why would I think something so stupid as this??!! The price of NOT went to 7.00 ahead of news, more on rumor. This is always a dangerous scenerio for any investor to put cash into. Many of us knew that the stock was overvalued, overbought and still made purchases based on rumour and "herding". The market valuation maintained at its hightest levels while the Relative Strength of the stock (RSI index) remained peaked. November came and the news stopped for all intense and purposes. We had a couple of good news reports but nothing that made our DE baby into a larger play than we already expected. What should the price do based on this??? Go down, of course.

With the start of the downtrend the stock would bottom and then regain some of its value. The volume dropped significantly albeit we are still talking great interest in the play with 1 - 2 million shares traded per day. The bad market news and the lack of news forced the stock down to more real valuation. Whether shorters, MM or swing traders jumped in while it was dropping is of little significance. They don't have the muscle to really crash the share price, rather they are only creating income opportunites based on the share price making moves that had high odds of occuring. Its all kind of like a poker game with all of the odds saying you don't stand a chance of the stock going higher so lets move our bets to the downside for a bit.

The cooling off has done a number of things. It has afforded the longs to accumulate shares, the newbies to purchase into the company at a more affordable price, and the shorts have made some cash too. All in all the movement of NOT's share price has been very predictable and if you look at the charts of many companies with great promise they did the same thing during their early rise in share price.

With the bottom apparently reached we have to look at the bright side. 3.80 is much higher than this stocks price of August. Its only three months...we must not be impatient. This play is going to start its next uptrend moving into December where we will likely see a Christmas bull run in the overall market, but more importantly more updates from NOT before year end. I fully believe that Richard Nemis is a very dedicated CEO with his main interest being in the mining and the valuation of shareholder's holdings in his company. I can't see anything but light ahead. The most important thing to do is hold and expect the next run up to settle again with a higher support level. I'm thinking a run to 10.00 with a fall back to 7 dollars. The only thing that can change that is exceptional news which will drive us even higher. Even news that isn't exceptional will not likely drop us down much more because its part of mining and this play has too much to offer. Now if we had only one find and the share price was valued only on that...then worries start. Bad news then can kill the share price. We are not in that position. We have too many good plays going on with news likely from more than one coming soon. I keep seeing on the board the RTQ being shown frequently over the course of the day. I always wonder why this happens. If we are long then a post here and there for those who do not have RTQ is fine, but to me RTQ is for traders not investors in this company. From what I have seen in many of th posts the traders seem to be looked down on, or at least seem to have a lot of bad press so to speak.

To me I would always prefer the other side of the coin get its say each and every day. Without a doubt I am sure these traders are back into NOT now. This week should set us up for a great run in December. We may get news over the next two weeks. In fact I'm quite sure that will happen because its time. Richard knows this and will provide the best updates he can based on his findings. We can't ask for more. We can't ask for those who have solid based knowledge of possible misgivings creating stock devaluation to bite their tongues either. This forum is great. Lets keep the intelligent conversation pro and con with respect to our fair NOT in perspective. Bashing is a sin. Pumping is also sinful. There is a fine line though where realistic expectation has to take a back seat to euphoria and to genuine concerns. We'll have both throughout the climb in NOT's share valuation. Lets not be breaking down and creating chaos in the forum as a result of either.

Enjoy the remainder of your weekend and best of luck next week,

MM