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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?


To: Author51 who wrote (1902)7/5/1998 6:33:00 PM
From: Just My Opinion  Read Replies (1) | Respond to of 3817
 
Joh: Good idea, I will call tomorrow. eom



To: Author51 who wrote (1902)7/5/1998 10:42:00 PM
From: Kurt N  Read Replies (1) | Respond to of 3817
 
Best of luck on the NTAH short-squeeze.

Only thing that will stop the shorting going on (assuming for the moment that it is in fact shorting) and people not selling because there is no news in regards to Matagora drilling, is positive news along the lines of #1: Drilling is commenced, #2: oil/natural gas is recovered, and #3: amount of proven reserves (which are supposed to be huge) is validated from current estimates.

I've been watching this stock and thinking about taking a long position again (last time: buy @ .44, sell @ .40).

Short-squeeze talk makes me leary and I consider it to be a sign that the stock is about to tank OR have a brief run (for those newbies that buy into short-squeeze BS/hype) and then all of sudden collapse at or below it was before the run.

If #2 and #3 happen the stock price will move up on fundamentals (and the smart shorts will cover), at which point I will reconsider NTAH again (even without being a reporting company and even at $.40+).

<<back to lurking/watching>>

Kurt