buyers being very careful..., page-19

re: ndo - up 7.5% I'm happily taking advantage of any weakness to buy more.
I don't have a short term time frame on this stock and can afford to buy, hold and smile.
Their first hole provided good news. This helps support the share price & test the market for the stock.
Their next hole will most likely be a very successful one.
Let's face it if you owned an oil company drilling where oil had been found you'd drill where you knew you had an unfailing chance of success.
After that (and a solid increase in their share price imho) they could afford to drill some speculative holes which may or may not hit oil/gas - because they will have undepinned their future based on the promise of good cash flows.