Whoa! I thought you'd be max $2 each way gyro!
Nor was initially a punt/trade for me, hoping to jag a quick few large (free mortgage payment) for a month, which backfired quickly!
Then there's the averaging down/upping the punt, hoping to get out in front still..
But, then you're stuck with it.. either take the loss and move on (like many of you have). Some bitter ex holders are unable to move on though, 18 months later!
I don't see it as a punt since then though.. the more I've followed Nor and seen their progress with products and partnerships, I've been happy to keep increasing my stake, confident the results have to follow.
Unfortunately, the big expected results still haven't happened.. I'm sure they will, and realistically.. with their full suite now, some partnerships with big companies, and reasonable contracts starting to eventuate this year - as far as I'm concerned, it's no longer a "punt", just a matter of time until the investment pays off.
I was deadset sure we would see big contracts by the end of Sept.. so again, the only concern with Nor is $.
They are cutting it fine, running out of time to land big $ I think.. but it's nowhere near as dramatic as certain posters who have continually predicted "6 weeks" and "xmas" survival.
More like towards June in my opinion.. but I admit we definitely need big $ before December, when not much happens over xmas/New Year.
I just hope it's this month, and still expect it will be.
I've said it enough times, that the T50 lists are only showing 1 massive accumulator, and virtually all holders for months either unchanged or increasing.
I'm so certain of manipulation, over recent months I have slowly kept buying about 3m units more, at or below 1.6 raise price.
We seem to have found solid support at these lows.
You might call it a punt, averaging down etc..
But I think it's a smart invest, basing it purely on a mass accumulator/manipulator, and companies like Veritas getting on board with Nor. There is no way these mobs would be on board with a suss company.
..and as frustrating as it is waiting and expecting results much sooner.. well, at least I've been able to use the #3 holder manipulation to advantage, and get more undervalued Nor's.
More risk, but much more reward.
..and the potential with Nor is still as big as ever.. but unfortunately I'm near out of time too!
A few things I need to take a bit out for by December, so I'm stinging to finally see a proper deal, generating near immediate $ to keep the sooks away.
And besides.. with a poster like d_|_b assuring us.. how could it not be a good thing!?
When it happens.. at least we are on board.
There will be plenty of disgruntled ex holders! Many have probably thrown their shares away to the #3 holder.
@d_|_b .. just 1 thing - please tell me you're not from Perth!?
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