NOEC 1.30 only 13 mil shares outstanding and only trades 49,000 shares average. Has a float of about 5 mil shares so if it gets some volume can move quickly. Good luck and watch for some volume on noec
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New play
NOEC 1.30 only 13 mil shares outstanding and only trades 49,000 shares average. Has a float of about 5 mil shares so if it gets some volume can move quickly. Good luck and watch for some volume on noec
Interesting play. Putting it on my radar. If the price of Nat. Gas keeps rising it will cause the price of coal to rise also. The companies' products are derivatives of coal. May squeeze profits. Depends on how much pricing power they have. Thanks for the heads up.
NOEC has traded 52,000 shares in 1st 40 minutes could be a good volume day for noec. Hit 1.35 needs to get thru 1.40
Decided to get off my duff and got in at 1.32. Already a sweet trade of better than 10%. Thanks again.
NOEC needs to get thru 1.54 if so it could see 2 plus imo----------New Oriental Energy & Chemical Corp. engages in the manufacture and distribution of fertilizer and chemical products in the People?s Republic of China. The company offers urea and coal-based chemicals, including ammonium bicarbonate and liquid ammonia used for nitrogenous fertilizers, and as a raw material for chemical products. It also provides methanol used in the production of medicines, pesticides, dyes, plastics, synthetic proteins, fibers, formaldehydes, and methyl ether; and dimethyl ether used as an additive for liquefied petroleum gas (LPG) and non-industrial fuel substitute to LPG; as a refrigerant for refrigerators and air conditioners; as a chemical feedstock for the production of acetic acid, acetate, and hydrocyanic acid; and in the production of pesticides and cosmetics, as well as everyday chemical products, such as detergent and hair gel. The company serves chemical, pharmaceutical, light, and textile industries. It sells its products primarily through regional distributors. The company was founded in 2003 and is based in Xinyang, the People?s Republic of China.
Stopped out at 1.45. Will watch for another entry.
