NP Energy Cp New Message Board

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Gold/Mining/Energy : NP Energy Cp New

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To: junglejims who wrote (14051)	2/7/1999 6:06:00 PM
From: Ken Sammut	Read Replies (2) of 22810

>>Some of you call it bashing the stock, but this company has a long history of broken promises and too many excuses that I can't remember them all. >> Kevin, I can appreciate your frustration as I have another penny stock that I have been in for over 2 years (still have not given up on) and expected better things. Personally, I do not mind someone "bashing" a stock if they have real information or need to let off a little venting steam. The guys I was referring to (including one who posts here very often) were the traders who pretend they love the stock as it rises, then sell their positions, and then try to create a reason to bash the same stock they loved a few days before. Their only purpose to do this is to scare people into selling so they can buy back at lower prices. I have no problem with their trading strategy but I do have a problem with them trying to scare some of the newcomers off with false information. JMO on why the shorting takes place on a stock at 5 or 6 cents or even 1 and 2 cents instead of letting it go up higher and then (MMs) short is that the MMs believe most of these penny stocks are just not going to make and for the most part they are right. They can speculate hundreds of thousands a dollars at these prices and safely watch the price fall a few cents or trade in the mils and buy the shares back for next to nothing. In some ways it is safer for the MM at these prices. One of their best measuring tools an MM has in measuring the viability of a company is how many additional shares of stock a company has to issue to stay alive. It obviously says the company is cash poor. A MM can compound the stock price problem by creating their own naked short shares making it even more difficult for a stock price to climb and in most cases forces the stock price lower. This almost always guarantees them a profit. Every once in awhile they guess wrong as more companies try to combat their activity. I may be wrong but I think both MDIN and NPEC will fight a strong fight with the MM's. Both companies created some additional shares not to long ago but it was necessary to complete their growth plans. Time will tell if it works. I sincerely believe both MDIN and NPEC will have substantial earnings which in the long run will determine the price and how well the shareholders do. Time will tell us if newer shareholders were right to have this much optimism. Sorry you have had to wait so long. I hope you added to your position at the lower prices. Ken

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