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Strategies & Market Trends : Three Amigos Stock Thread -- Ignore unavailable to you. Want to Upgrade?

To: Sergio H who wrote (2267)	3/29/1998 6:28:00 AM
From: ChrisJP	Respond to of 29382

Hi Sergio, Yes I cashed in on NORT if you want to call it that. A better way to put it is I sold my shares. I really thought 1 13/32 was the bottom before earnings. So I bought between 1 13/32 and 1 /17/32 on anticipation that great earnings would clear things up. When the stock did not move up on the good earnings news ... well go look at the chart. I sold all over the place. Everywhere from 1 3/16 to just recently at 1 9/16. Yahoo has a great post I think from Thur or Fri. Someone called the CFO. According to him, NORT has 9 rigs in operation. Day rates are currently good, but there is competitive pressure to reduce them. They are working on getting a 16th rig added to their assets. Earnings for this quarter should be the same as last quarter and better than the same quarter last year. But I have to believe that with only 9 rigs operating, the next 2 quarters might be flat compared to this one that ended in Feb. Although I would not buy now, NORT is trading at the low end of its range, assuming oil prices hold at $15/barrel or higher. Might be a stock to buy in 3 months or with a GTC for 1 1/4. Should have no problem returning to 2 1/4 - 2 1/2 when the sector rebounds. As for $3 or $4 ...... maybe if you think oil is heading to $25/barrel in the near future. LTGL: I only know what's on the threads. I saw it mentioned here, I though you guys might have an opinion. All I can say is if the close a deal with Walmart, the stock should trade much higher, IMO. The press releases hint at this, but they are just vague enough not to be believed. Of course they were vague when the stock was at .05 and then they signed a deal with Radio Shack. EXSO: IF and I mean IF, the company can show operating earnings of $500K or greater this quarter (i.e. Oct 97 - Dec 97), based on new contracts and cost cutting, then the stock will trade at .50 or higher when the release they earnings for the 1st quarter 98 in late May. So yes, I've put some money down for the chance at a 4 bagger in 2 months. (I bought under 1/8). They just had to close down one of their largest but also not profitable divisions, so I don't know what effect that will have on their balance sheet. If their profitable operations are growing like Chip Sexton says they are, then the company is poised for a turnaround which may take another quarter or 2 to fully happen. We should have a clue by Tue, when the have to either file their annual statement or file for an extension. Regards, Chris