my opinion hi guyssee below posting i made on sharescene.it...

my opinion hi guys

see below posting i made on sharescene.

it basically sums up my opinion about whats happening with the share price and possible outcome..

hi kosmo...

firstly i wouldn't rely on getting people's opinion (you can rule out about 99%)

just might confuse you even more.

do your own research, find out whats going on in the next few months or even longer.

then you can make your own decision.

with a company like nido, your far better off accumulating over a period of time.

that way you don't expose yourself too much.

you'd expect some sort of update shortly ie:actual signing of the j/v between nido and norwest.

perhaps an annoucement about other partners in the northsea.

confirmation from the philippines DOE re:getting approval for j/v in the golac oil field.

so as you can see from above plenty can happen.

problem at present is most investors are looking at other oilers that are making big gains.

so little attention is being paid towards nido, thats causing the price fall.

this is the tricky part, how long will this last for..????

i dont expect it will change within the next couple of weeks, given the current oil price.

so you still might get some pullback, so just be patient.

keep an eye on the volume, if the buyers are returning then it's jump on board.

otherwise put them in the bottom draw and forget about them for 1-2years

regards