NuTek, Oil Company, currently at 1 Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Microcap & Penny Stocks : NuTek, Oil Company, currently at 1

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: SunAge who wrote (92)	10/18/1997 9:35:00 AM
From: Ed Ajootian	of 95

SunAge, That certainly was quite a move on Friday. Not sure if it was mostly just short-covering by some of the old market makers though. Time will tell. I dumped my position last month at an average price of $.16 or so. I did not feel that they would have the guts to try another hype round on this stock until after year end and after they did a reverse split to reduce the number of shares. Much to my surprise though I then saw it get written up by a microcap hype newsletter that I get for free. With the stock down so much (even still at $.30) from where it started this year, my bet would be that there will be enormous selling pressure from the tax loss selling in the next few months. With the overall market having done so well everyone will be scouring their portfolio for losses to take to offset their massive gains. I have no interest in the business that NUTK is now in so I'm dropping it from my coverage. Best of luck to all NUTK fans!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next