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Strategies & Market Trends : Three Amigos Stock Thread

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To: freelyhovering who wrote (1519)3/7/1998 9:31:00 AM
From: ChrisJP  Read Replies (1) of 29382
 
I believe one of 2 things is going on with NORT, with the underlying backdrop of grossly oversold drillers and buying starting to come into this sector. NORT's uncharacteristic news release may have helped.

A week or so ago, a person labeled as Lord Venim on the Yahoo message board said March 9 would be a big day for NORT. So Friday's action was caused either by:

1) A buyers last set of buys before making an acquisition offer.

2) Investors who read Yahoo who were buying on the chance Lord Venim is right.

I vote for #2, but either way, Monday's trading should be very interesting (and maybe even profitable)

Regards,
Chris
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