Nevtah/Tower Oil Intl.- NTAH Message Board

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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH

NTAH 0.00400

-60.0%

Jul 24 5:00 PM EST

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To: Ellen who wrote (3238)	10/17/1998 1:21:00 PM
From: wayne	Read Replies (2) of 3817

I think you are right and here is why I think the shares aren't reflecting the true value of Nevtah. As of April Nevtah had 14.8 mill. shares outstanding.Only 1.2mill. are available for trading. The rest are held by insiders and institutions and aren't for sale. Nevtah has drifted down on low industry prices to the point where only slight changes in price make for hugh percentage loses and gains.For example if you had bought and sold near the high and low yesterday you would have made about 12% on your money. Not bad for a few minutes work. Nevtah does this so consistently that its a DAYTRADERS dream come true.They are making good money now but they have nothing to do with the underlying value of the stock. I have a sizable position of NTAH right now that I intend to keep and as soon as I can unload some transport underperformers I have I want to get a lot more and I'm paying in Canadian dollars. Sorry but I hope the price stays right where it is for a few more weeks.

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