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Microcap & Penny Stocks : New Sky Communications (NSKY)
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To: Benchman who wrote (2006)8/26/1998 8:07:00 PM
From: Donster  Read Replies (1) of 2601
 
I've been getting e-mail and PMs asking for my comment on today's activity, so posting it here may save my old fingers some typing:

My comment is that most of the short-timers who bought in the last few days looking for a quick buck bought on the rumor and sold on the news. And there is absolutely nothing wrong with their strategy. The company definitely has improved its position by adding Shapiro and this PR's content was a pleasant surprise, albeit not what we anticipated. As you know, NSKY has multiple projects in the works with negotiations continuing and PRs due out at any time. The addition of Shapiro should hasten the process. We are just a tick below the .026-.028 support level predicted by Brettster recently and, remember, we closed with this one at .02 just three trading days ago. As someone who is long here, I'd much prefer the gradual increases to spikes.

Donster
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