GREY:NOVUF - Post by User
Comment by
GLENN#on Feb 22, 2012 4:33pm
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Post# 19569161
RE: RE: RE: Volume!!
RE: RE: RE: Volume!! I think this is dead money until mid April, when Q4 results come out (or shortly before). This is a stock that is not know for press releases / promotions; one thing I don't like about this stock. To find out anything you have e-mail the company. Based on production, assets, drilling success and controlling of costs in the past (from Jan press release), this stock should be $1.50 plus.
Also I think there are a number of people that bought last spring at these prices, that just want to get out of it at what they paid for it. So I can see being stuck at $1.02ish for a little longer. Then again we did just have a nice little run for 2012 so far.
The only thing I take from the nice volume is that there is interest in the stock. With positive result it can only mean a healthy return this year. I expect more than a double for 2012.