Novus Energy Inc NOVUF

RE: RE: RE: RE: RE: 3.5 EV/EBITDA

[qui9]

Up until the last week I was enjoying the volatility and had been day trading with 20% of my holdings, usually buying at 0.82 and selling at 0.89.  I think I managed 4 cycles of that and managed to make a bit of money.  When it hit 0.73 today, I couldn't resist and added to my position.  Even if there is no deal on the horizon, at these prices,  I'm comfortable adding a bit to my position, if and when I can it.  I just looked at the 5 year chart and almost without fail, the price peaks somewhere between Feb. and April and then it drops precipitously until late June.  Sometimes the price drops a bit in July and August, but usually the lions share of the price reduction is in by the end of June.  The price increase typically begins somewhere between the end of Aug. and Oct.

I'm not going to worry about speculation about a sale for now and will try to add small amounts to my position between now and Sept.  We know that there will have to be an AGM before Sept.  I will also sell the shares that I accumulate below 0.75 if the prices goes back over 0.85 in the hope that I may be able to buy them back again.

Good luck everyone