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NMT is it a BUY??

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honister - Thu, 03 Jan 02 :

Can't help but feel that all the buys over the last few days are just short termists looking for a quick profit, probably most on T trades. I wish people weren't so impatient and let this one ride for 12 months or so because I can see a lot more than the 15-20 pct that these T traders will sell out at. I don't think 15-20p is unrealistic when markets improve. MM's love to make a buck and they'll quickly mark prices up accordingly. Forget Economics and value, mm's will take it all the way up as far as they can. We definitely need good news flow over 2002. I think it will come looking at whats happened of late with the refinancing and production. But I still feel we need to get the short termers out of this to see any significant gains.

Rgds

Honister



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