Nordic American Tankers Ltd (NAT)

[skepticone]

Mexico 10...I believe you were right when you said oversold. As I said in my post # 314 and 333 I was watching the RSI 14 chart for that condition. I figured that I would jump in at around the 4.42 mark and ride to 5.42, I was right about that but had already committed my funds to a Rights Offering by another company I already had a position in. I was able to triple my shares and am up 22% on the shares obtained in the offering. So I missed one opportunity but made out on another.

I don't think NAT will go any higher, the oversold bump is over and I still have little confidence in management. I see it drifting back again and will wait for oversold again.