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Microcap & Penny Stocks : New Sky Communications (NSKY)

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To: findstock who wrote (2327)9/14/1998 2:33:00 PM
From: chen yi  Read Replies (1) of 2601
 
Hi, findstock. It is always donster who bring some new information now and then. He seems not work today, probably he cannot contact with colleen.
IMO, the recent situation is the waiting for news situation. Very low volume because not too many new people join in. In these days, everyone should be cautious about his/her investment. And the price says nothing, a lot of shares just traded between MMs. Remember one day it goes from 2.0 to 3 cent with very low volume. It seems to me a lot of shareholders are averaged between 2-3 cents and are really firm hands player.
Once good news come out, the ask will rise quickly. Donot believe the current ask. I think we will come to some block once we reach 4 cents region. But if the news is really good one, it will easily break through this point. Nothing will be better than a distribution news that will make the company some really money and as well as the shareholders. JMO.
Chen
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