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Gold/Mining/Energy : NORTON DRILLING (nort nasdaq) FORMERLY DSIC
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To: Arizona997 who wrote (238)3/30/1998 1:49:00 PM
From: Toby Zidle  Read Replies (1) of 295
 
'Fair market valuation' might account for a few percentage points of a price move. Public perception and psychology accounts for almost all of the rest. Oil drillers are in the public doghouse right now, so I won't look for any meaningful appreciation at the moment.

Yeah, when oil prices rise, so will NORT. But first all the buyers in between $2 and $3 will want to salvage their money. Even buyout rumors way back on this thread were for considerably less than $8.

I'd never say we won't get back to $8. Stocks always run in cycles and NORT, too, will recover. But $8 can be 2, 3, or 4 years away from here. I'd be happy just to see recovery to the $2 1/2 or $3 range (before my kid's next tuition payment is due).

Good luck to you, Gary.
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