RE:RE:RE:RE:RE:RE:RE:A Bob Moriarty read: A Crash but Maybe Not The Crashit's a very tightly held stock. Someone could be tracking me or you after posting on another board. could be a momentum play. I just hope I live to see my MIllion $$$
BlackHawk7 wrote: I usually don't read the boards on the weekend but I got thinking a lot about what caused such a dramatic move on Friday. On the Novo board over at CEO there was a lot of chatter about people getting our of NVO as it was going down in flames and jumping into IRV because it is another ES stock. They think it was a FOMO trade. Myself if I had just lost a bunch of money I would be sitting back and licking my wounds and not jumping on something else right this minute. In addition ususally when people do as they are suggesting they usually jump on a momentum play that is already working its way higher, but IRV was just sitting there, so I don't buy that whole arguement.
I have found no articles written by any newsletter writers that would have set this thing off.
I can only come to one of two conclusions. ( 1 ) People know that we are due a NR at any time and so they started to take positions. You know how you go to a retuarant and there is no one there but all of sudden the place gets packed in a heart beat. Why did they all decide to show up at one time, who knows. So that could possibly be it but I don't think that would account for the price chasing that took place.
So reason ( 2 ) somebody either in the Japanese Government knew the permits were to be issued shortly and they told a few friends etc. Or people knew the drillers had gotten their visas and were told to get ready to move out and they and some of their friends started to buy. Or people connected with the company were picking up on something happening and started buying. All of this seems to me to be the more practical reason for the buying, which interstingly enough was not in larget blocks but was alot of smaller orders that comprise a definite pick up in buying.
This is probably an academic waste of time trying to figure out why with no news everyone suddenly decided to be a buyer. That being said it will be intersting to see if we get some kind of news next week to support the big run up.