OTCPK:NOSOF - Post by User
Post by
Olufemion Jul 04, 2008 3:47pm
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Post# 15259109
A test of 2.50 coming
A test of 2.50 comingHi all,
I was in NOT late 2006, I missed out on the big move in 2007 and I find myself sitting here finally looking again at taking a position.
That all depends on how the coming test of 2.50 goes. If NOT falls through 2.50, this will be going much much lower very fast. 2.50(+/- 3%) is a very long term support level and any break below that level on volume will be a confirmed breakdown of NOT and it will be very difficult to find shares to reserve for shorting.
If 2.50 holds then it will definitely be an excellent place to buy into Noront! at this point i think its a very bad idea to be buying until it is clear what will happen at this next support level.
good luck longs, this NR is a bit of a joke. Not sure what Nemis was thinking. When I got that first NR in my inbox yesterday, for a moment i thought he was referring to windfall the adjective, not the proper noun. Of course it didn't take long to get over that, but I can see why the authorities wanted them to clarify.
Halting into the weekend is not a very good sign however, but there may be a knee jerk panic on monday making it a good time to buy