I really don't know what to make of the recent increase in share
price. The trading on 8/19/98 (see below) and the first part of
8/20/98 told me we should be basing in the .018 - .022 range until
news hits. Now, it looks as though we may be on yet another run
based on anticipation of news. The difference between this one and
the last is that there isn't as much hype driving this one, so it's
going a bit slower. If tomorrow's low is greater than or equal to
.026, I'd consider this a bona-fide uptrend.
If news doesn't hit by the end of the week, NSKY should correct back
to a base, although this second run may give the stock enough strength
to base in a higher trading range.
This is the lowest volume we've had in weeks. The fact that the price
went up today with only 1/2 million shares traded smells like yet more
evidence of the upward bias our MMs seem to be favoring.
DATE CLOSING PRICE OPEN HIGH LOW VOLUME
-------- ------------- -------- -------- -------- -----------
8/24/98 .030 .027 .030 .026 515,700
8/21/98 .020 .021 .029 .019 2,189,500
8/20/98 .021 .023 .026 .018 5,553,200
8/19/98 .027 .036 .036 .022 8,672,000
8/18/98 .036 .042 .043 .030 4,897,100
Michael Bendner |
