TSXV:NDVA.H - Post by User
Post by
Blurr4on Dec 22, 2014 9:05pm
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Post# 23258065
Blood On The Streets
Blood On The StreetsThat's when they say it's a good time to buy, so I did today - picked up some more at these ridiculous prices.
In my opinion the low price of crude won't last long, shale producers & Ft. McMurray won't all disappear next month and frac sand will still be needed next year and the year after that and the year after that. Like most things in the equity markets, the sentiment pendulum has swung too far in one direction.
I took a look at a 10 yr chart and I don't think the stock has ever traded at these levels so these are indeed historic lows. I could be wrong but I'm thinking at this time next year this stock won't be trading at $.03.
Love to have the cash to buy whatever TD pukes at us but alas I don't so I'll continue to nibble.
Simply put, I think the chances the stock price will rise greatly outweighs the chances it will go lower.
Again, all in my opinion.