To better understand NOT's Tuesday price rise, I compared NOT's percentage price increase over the last three trading days with near-by properties that I follow:

NOT = + 114%

FNC = + 100%

PRB = + 88%

SPQ = + 50%

FWR = + 37 %

My first impression was that about one-third of NOT's price rise was shared by other Ring of Fire stocks such as FWR. This could be an expected, normal rebound from December 2008's way-oversold condition (the ending of year-end tax selling, a slow-down in hedge-fund selling, etc).

My second impression was that the remaining two-thirds of NOT's price increase was also roughly experienced by FNC and PRB (all shared similar doublings or near doublings in just three days). This strikes me a being unusual, and suggests a major and sudden buying interest interest in properties at or close to Eagle One.

I came away from this exercise with the feeling that something big is going on either with big news forthcoming from Eagle One itself, or with cooperative progress being made for perhaps a two-way or three-way joint venture in the Eagle One area between NOT, PRB and FNC.

Just a feeling on my part, a speculation, perhaps wishful thinking...

Long and strong...

Rek