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Gold/Mining/Energy : NORTON DRILLING (nort nasdaq) FORMERLY DSIC

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To: Paul W who wrote (74)10/15/1997 5:37:00 PM
From: Ruphert   of 295
 
It didn't fly, but it did respond to the confirmation of the earnings pre-announcement. This stock had Great momentum last week; but it is not a momentum play. IMHO, I think we will level off between 3 3/8 to 3 7/8 and tread water till the next event. Long term is where the action is in this stock. There's not going to be any new products coming out to boost price. Continued Earnins gains and valuations, and possibly acquistions are the blood of this company, I'm long and have been for a while. As for tomorrow who knows? Hopefully when the masses see the earnings report in all the papers and newswires it will stir a little buying. Short term pain for long term gain.
Later of course IMHO
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