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Strategies & Market Trends : Ride the Tiger with CD

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To: Cheeky Kid who wrote (118588)6/13/2008 6:19:14 PM
From: ogi  Read Replies (3) of 313124
 
Yes, I think so, market wants more definitive idea than oil over the shaker. Meanwhile, they have done 11 financings since Jan 07
so lots of sloppy PAPER, last financing announced two weeks ago at .60. So expect that NOG will need some decent flow rates to overcome the paper shuffle. I sold 1/4 @ .68. still evaluating the rest. They need oil because I am unimpressed with management.

Cheers,
Ogi
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