NOR

2.22%

4.4¢ norwood systems limited

@ 11/12/2015 Chart.patterns/.projections/opinions?, page-110

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BazzleDog

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15/12/15

20:06

Post #: 16621130
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Originally posted by meerkat ↑

@martis - that graph's nearly a freefall shot if ever I saw one.

thing is (and most won't want to hear it) there's actually nothing special about the 6.7c point. As you know, it's just a number associated with a gap which IMO will be filled. I'm not expecting this week's update figures to cause any more than a blip - something else has gotten hold of NOR - rationality?

in severe cases of retracement there comes a point at which even TA becomes mute. Then the question has to be asked "Well what's NOR worth anyway?" hence you need to revert to FA. And I don't know enough about NOR's tech to be able to put a price on it. Except for a very basic calc which goes something like.... NOR's current revenue could be about $2m p.a.? (rough) - it has no earnings - let's multiply that by 20 (generous) and you come up with $40m. That really generous number then gets divided by the billion+ share register and you get 4c.

yes, I'm saying NOR could hit 4c. I'm not saying I expect it to at this point but it's a possibility. Interestingly from a TA POV there is a small gap around 4.7c? or something like that.

there is no clear reversal point yet, not even at 6.7c, IMO.
We've both seen countless numbers of stocks which have completely retraced back to their origins, and this could be about to happen with NOR.

In all of this, I still like NOR's longer term chances, difficult though it is to see the wood for the trees. After this series of falls I would not expect to see any dramatic bounce unless a left-field event occurs.

them's the breaks....

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Of course Meercat doesn't hold any stock with that SP prediction... wouldn't you prefer an entry at 2 cents... ?

NOR Price at posting: 7.7¢ Sentiment: Buy Disclosure: Held
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(20min delay)
Last 4.4¢		Change -0.001(2.22%)		Mkt cap ! $20.90M

Open	High	Low	Value	Volume
4.5¢	4.5¢	4.4¢	$3.453K	77.98K

Buyers (Bids)

No.	Vol.	Price($)
1	71223	4.4¢

Sellers (Offers)

Price($)	Vol.	No.
4.7¢	372500	2

View Market Depth

No.	Vol.	Price($)
1	71223	0.044
2	100000	0.043
1	13888	0.042
1	100000	0.041
1	300000	0.040

Price($)	Vol.	No.
0.047	372500	2
0.052	59000	1
0.059	95632	2
0.060	190315	2
0.067	50000	1

Last trade - 10.13am 26/07/2024 (20 minute delay)

NOR (ASX) Chart

@ 11/12/2015 Chart.patterns/.projections/opinions?, page-110

ASX Market Open: ASX200 to rise for Friday session | July 26

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Nova locks in NASDAQ US market listing at a value of only US$3.3M as ASX gets quieter and quieter

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Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

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@ 11/12/2015 Chart.patterns/.projections/opinions?, page-110

Top Stories

ASX Market Open: ASX200 to rise for Friday session | July 26

MinRes jumps 5% as the company meets production guidance – depressed iron ore prices be damned

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IGO kicks off earn-in copper drilling on-site Encounter's Yeneena play as it adopts new identity

Monadelphous inks $200M contract with Woodside to help build Pluto LNG – but will it make Scarborough cheaper?

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel

Red Hawk upgrades Blacksmith with DSO mineral resource at the Eagle Deposit

Horizon firms up ore reserve for Boorara ahead of FY25 Q1 development decision

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Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

Featured News

Buyers (Bids)

Sellers (Offers)

Featured News