Excellent post Rodg, and I fully agree with most of your analysis, except maybe the timeline. The leading indicator that is going to bring us out of where we are is going to be the banking industry. Although they are starting to show signs of life with their 1st quarter results, the real telling signal will come in 3 months when they show a 2nd quarter of profits that exceed this one. This will trigger greater interest in companies such as our NOT baby, but we won't see the real gains from this until the fall (sept/oct).

Although we had a very nice day in the market in general, there was really nothing to cause the surge we experienced today. The only other company in my portfolio that did anywhere near as good as NOT was CYP, and if the causes are similar, then we have something major about to unfold here.

Regards

K