swirling upwards?

Might get more interesting this week as speculators get set.

Subject cheap as chips
Stock Code NEO - NUENCO NL
Posted 09/05/06 20:04 - 136 reads
Posted by macrae12
IP 61.69.xxx.xxx
Post #1051192 - start of thread - splitview

There were still the traders cashing out at 2.9 today but today's volume was more than yesterdays;)

If we can break 10 - 12 mill volume and hold at 3.1/3.2, this will signify a short-term break through the current first point of resistance. It is hard to find real value in the ASX oil and gas spec market atm, however, NEO remains one of the few out there may supply both growth and value in the medium to long term.

The AGM has been positive and sentiment may be changing - I am sure all the long-term holders understand the timelines and know far more than me. I think the market has been possibly a bit unkind, as the market cap now looks a bit cheap with Statesman etc. IMO, the rather odd "competition" between NEO and NDO can really be put to rest.

Positive news on Jack Hammer could make it a chaser's game