I really doubt it will be for long at all..
In the last week we have seen quite a bit of bigger buying, since the Q&A.
Obviously some bigger players took the time to listen, and bought.
The same thing happened immediately after the quarterly..
We saw some heavy buying, probably in reaction to the big 4 bank paragraph (along with all the big name spruiking - ORACLE, etc).
Every time the buying happens, there's the usual HC conspiracy theories from the regular non holders..
Again on Monday, we saw a lot of big buying that pushed the price up as high as 2.6... and there were a couple of nice orders that went through both asx and chi-x at 2.6.
So we hear the usual "insiders" type posts from the usual posters..
Then we see a raise and the price drops back..
So... the regular non holder conspiracy theorists...
I'm a little confused.
If there was such a thing as insiders - would they still be the people buying after quarterly and Q&A, as suggested? Doesn't make much sense to me.. because if they were insiders, wouldn't they have known about and waited until the raise now?
Hard to imagine them paying overs..
Anyway.. things look solid again at 2c. The loose holders have panicked, and done away with their shares..
I suspect we might pick up a few points again now.. people were buying plenty at these prices recently, most likely with expectations nearing a big deal...
We must be even closer now - and there's every chance the quick top could be some sudden progress towards something very soon.
Just something else to think about... I've been following a few others recently, and seeing the ridiculous pumps going on (usually followed by the dump of course).
DCC - in my opinion, a nothing stock. Check the pump.
LPD - I think they're going somewhere, but not for a while... crazy pump on minimal news from low 1's to 8's yesterday - now the dump.
TV2 - enormous go today, no news, "NO" to the price query of course. Happens regularly.
MUS - don't know much about them, pumped to 20c and back 3!
Just imagine if Nor could be next.. it seems the big boys get together and make it happen, then move to the next.. Often no news..
Right now, imagine any of that buying hit Nor... imagine the conspiracies, the insider calls.. even though if a few buys went through, we would all be convinced a deal is looming - I know I would be.
If those 4 stocks above can happen on no/minimal news... imagine what they could do, especially considering most Nor holders are expecting big news from here on.
.. and wouldn't it be nice if they could tee off on Nor!
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