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Author Topic: NIOGOLD - nice move Friday - here's why !  (Read 12567 times)
MRG_WPG
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« on: February 26, 2011, 04:29:05 PM »

I am not 100% sure but the talk on Stockhouse is that it is being promoted by Louis James of Casey Research

http://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=29337312&l=0&r=0&s=NOX&t=LIST

I did a search and found Louis James / Casey Research - this appears to be a paid service:

http://www.caseyresearch.com/our-staff/8/louis-james--(lobo-tiggre)/


NOX closed at .42 - a good move in one day.  This stock had been trading in the .35 to .39 range for quite a while.  It was nice to see it move past .39, set a new 52-week high and close above the 52 week high.

I am hoping that it has now formed a base at .40.  It could slip back to .36 (I suppose) but I would expect the norm now to be in the .40s.

There is one person who posted on Stockhouse who says he has 300,000 shares at a profit but did not sell any into this rally because he is expecting much more.. Who knows what is true or fabricated but I know I did not sell (not that I have 300,000 shares or anyhing close but this stock makes up a significant % of my portfolio). 

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