re: buyers being very careful / gone... biggest...
There could be any number of reasons for the current flat trading in NDO...
But in my opinion, the 3 main reasons are sentiment, sentiment and sentiment!
The fact the rest of the market is taking a breather, or even correcting in the case of some oilers, is having an impact on the good and bad alike!
The recent oil driven frenzy has seen some pretty massive rises in all sorts of stocks...simply because they were in the right sector at the right time.
When the dust settles, I am sure many of these stocks will experience substantial corrections...because a hot sector, does not necessarily equate to a hot stock!
Amongst this lot however, are some real recovery stories, where the current and future projections for the oil price, has seen "marginal" assets become seriously commercial.
As I see it, NDO is one such case!
These "recovery" type plays only come along every now and then...so when they do, you grab them with both hands and ride them all the way!
Cheers!
re: buyers being very careful / gone... biggest...There could be...
-
- There are more pages in this discussion • 34 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add NDO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
77.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $176.7M | |||
| Open | High | Low | Value | Volume |
| 0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 650 | 78.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 79.5¢ | 6000 | 1 |
View Market Depth
| Last trade - 16.12pm 15/11/2024 (20 minute delay) ? |
| NDO (ASX) Chart |
Day chart unavailable