Northern Petroleum: Charts & Fundamentals

I went short today at average of 68.5p, the stock was
trading below 45p last week and then had a good run and
then got tipped for new year and has shot up to 67p which
to me is too high too soon for NOP, at some point the stock
will settle and the buyers run out at these levels, the price
was held up today by sustained small buying from newspaper readers
of the tip.

Nothing against the longer term prospects of NOP, just see a retrace
back to 55-60p in the next week at some stage.