NOTs chart
posted on
Jan 17, 2008 02:46AM
In reviewing NOT's SP chart since August, I'm left with the sense that the NOT situation is rather OK, or perhaps I should say normal. A healthy skyrocket to $4 and then up to $7 on hype etc., to consolidate around the $3.50 + area. Even with the crazy market this is a pretty respectable response to the information we have thus far. Though we may believe that there is definitely more value there and that the market should reflect this, the market will ultimately offer the minimum value until sufficient official documentation indicates the SP should be higher. It's hard accepting less when at other points we've had more .... particularly if you bought in at a higher SP and are having to bide time waiting to go back into the black. Relax and breathe, me thinks the wind is changing from all of the clues and the scuttlebutt that is blowing. I look forward to next week as I believe we'll see some improved action in McFaulds.