NORTON DRILLING (nort nasdaq) FORMERLY DSIC Message Board

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

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To: terracin who wrote (161)	1/9/1998 8:30:00 PM
From: ChrisJP	Read Replies (2) of 295

Hi everyone. I use the chart tool on www.quote.com to help me try and understand the technical condition of stocks I follow. If you use it you will see that NORT is extremely oversold. The last time its chart looked like this is when it plummeted to 2 and rebounded quickly (although briefly) to 3. Being oversold doesn't necessarily mean a bottom, but that's usually the way to bet. I think what happened today is in addition to all the expected reasons for weakness, when this stock hit 1 1/2 maybe it triggered abunch of stop losses which made the stock drop even further. Anyway, strong buying came in and the stock rebounded. So NORT has a bottom for now. Hope good earnings help NORT rebound more ! Any info (like when they report) would be appreciated. Regards, Chris

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