There is an old traditional adage and it says:"Buy on rumors and sell on news." This is what is currently happening now. As posted earlier in the morning that I wasn't sure about the current movement and prefer to stay sideline to watch, as good as it gets, NOL is currently suffering from 1.18 to now 1.155 in a time span of 40 minutes from opening. When one is unsure, the best is to do nothing, rotate to another stock and then come back again when the stock is ready.
http://stockmarketmindgames.blogspot.sg/2015/11/nol-exclusive-talks-intensifies.html
Ronald K - Market Psychologist - A Stock Market Opportunist