Hi doc
I don't understand much of this tech stuff but what do you base the $1-20 - $1-10 on ?
The only support I can see is around the $1 mark.
:confused:
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Great buying opportunities today-have just scooped up a lot more at 1.55 .
Looks like digger was right and I was wrong about the sell off - I didnt expect it to fall so much with such good fundamentals -as will be revealed in the quarterly report due this month.
In the meantime I will be in the minority and keep buying -at these levels it is almost giving them away .
I too agree that the bottom will be about $1.10 to $1.20 over the next year or 2. The high could be anyones guess.
What has changed since NZO reached $1.00 ealier this year is the extra $200m in the coffers through the conversion of the options.
Investors who bought on margin will be sweating but medium term the stock looks great.
Fundamentally this stock is great should oil remain above $100.
AWE and PPP look very attractive.. First wait for price of oil to stablelize then bam...Nita is back for more
Nita
You fail to give any reason for why you have picked such a low .
So far today there has been a lot of support at $1.55-$2.5million dollars worth .
When this quarterly report is published it will be the first big good news to hit the market this year and may attract more buyers .
IMHO the sp has far more upside than downside.
NZO has fantastic income-nearly a $1.000,000 a day from light sweet crude that refineries want-why should the sp fall so much?
p.s.-I used margin trading mainly to convert extra options I bought-asb bank ensured I would not get a margin call-would have to fall below a dollar before that and then I would sell other assets rather than nzo
At these prices this company must be vulnerable to being taken out by big player?
you have been dead set right margin calls will scare the sh-t---and there storys will get further confused[/QUOTE]
You are right on the $1.42 approx initial margin call possibility-since then I have moved other shares into the account ,plus a mortgage on property plus i had to sell some nzo heads in order to convert the options .Havnt calculated exactly at what price when i would be forced to raise more for the margin call as it depends on other shares i still own-such as contact which hit $8 today -but is probably 1/2 the current price .
In the meantime my strategy is to keep picking up nzo shares when i feel they are oversold.
Buyers disappeared at the end of trading today . I have learned that this is often spurious -many of the sellerswill not be genuine and should the sp head up will disappear very quickly .They are put there I believe by buyers who wish to force the price down-as are some of the posts here.
My own feeling based on observing the market is that very few sellers will be prepared to sell at less than $1.52 and there will be strong support at the $1.49/$1. 50 level
Time will tell
A fundamental principle that I hold is honesty -most that post on this site are (beware of new posters without a track record )-but some are being less than honest when they downramp or upramp and I guess we have to live with it .
However it would be advantageous to all if only honest debate appeared .
[QUOTE=malcolm;213630]Malcolm- I am very happy as to what I have done-without margin trading I wouldnt have been able to sell my heads at prices up to $1.87 or buy options at 2 cents .
I do listen to all debate-we all have a lot to learn-not least you(strange how your spelling has improved so quickly even if your punctuation hasnt )
FISH, HONEST DEBATE?. You have got to be joking mate. If you say anything other than ramp up NZO on this thread you get all sorts of childish abuse. You get people like yourself ramping the company telling all and sundry that you have gambled yourself up to the eye balls. Try for a change to say how foolish it is to do that then watch the chidish abuse flow.
Anyone that buys anything without a [if it all goes wrong sell policy], is a straight out gambler. The money coming in to NZO coffers can fly out in the opposite direction if they get it wrong in the future, thats your gamble. We know what they have, but we dont know what their intention is in the future. Thats what will raise or lower the sp other than that market sentiment will control the share price. Macdunk
You are right on the $1.42 approx initial margin call possibility-since then I have moved other shares into the account ,plus a mortgage on property plus i had to sell some nzo heads in order to convert the options .Havnt calculated exactly at what price when i would be forced to raise more for the margin call as it depends on other shares i still own-such as contact which hit $8 today -but is probably 1/2 the current price .
In the meantime my strategy is to keep picking up nzo shares when i feel they are oversold.
Buyers disappeared at the end of trading today . I have learned that this is often spurious -many of the sellerswill not be genuine and should the sp head up will disappear very quickly .They are put there I believe by buyers who wish to force the price down-as are some of the posts here.
My own feeling based on observing the market is that very few sellers will be prepared to sell at less than $1.52 and there will be strong support at the $1.49/$1. 50 level
Time will tell
A fundamental principle that I hold is honesty -most that post on this site are (beware of new posters without a track record )-but some are being less than honest when they downramp or upramp and I guess we have to live with it .
However it would be advantageous to all if only honest debate appeared .[/QUOTE]
Hi Fish,
I know Phaedrus might shoot me for this comment but when I look at the chart it has just hit the bottom line. That and the fact that they are making a million a day, makes it a compelling BUY
However, market sentiment is back in force. Once we get rid of these fellows who cant see what this company is about, the price will move upwards and past Broker 'valuations'.
Remember there will be a whole host of investors who are really are really starting to get spooked by this drop. They took margin calls etc because they believed the story. And now one little slip at Momoho and a slide in the oil price,...and you have the classic of all classic sell signals.
BUY, I wouldnt muk around. A million dollars a day.And great margins. Know any other company that can match that? No way. Sorry, but this is not a ramp. Just simple observation.