NOL did not suffer a gap down after the news was released after market hours. Instead, the stock went higher earlier just now to 1.145 where many went long, thinking that there was no effect on this bad news to only realize that it was a Fake Breakout which caught many stale bulls to go long and where it then suffered some minor reactions as of now. In the near term, I am only watching. I am a strong believer on timing, so if the time to go long is not right, I won't risk a single cent.
http://stockmarketmindgames.blogspot.sg/2015/04/nol-merger-with-nol-unlikely.html
Ronald K - Market Psychologist - The Big Speculator
