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Microcap & Penny Stocks : ONPT - A 52wk high price and volume

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To: rustyjack who wrote (27)3/11/1997 11:41:00 AM
From: Stefan Habermayer   of 375
 
Hey Ron ! No way man ! We will fight this one until the "bitter" (or better to hope "sweet") end !
Actually, I bought some shares at around 1 13/32. (I must have been totally crazy, when I bought now for the second time at 1.40 - since 6 months back, I never even "dreamed" about being able to sell this "dog" above a Dollar. But then again: times are changing.)

Well Ron; I came exactly to the same conclusion, as you. Different servers are displaying data on ONPT somehow "inconsistently".
This means, e.g.: secapl showed right in the beginning 1 Trade of
400,250 ONPT shares. A little bit later Lombard's Intraday Graph showed about 7 Trades with less than 400,000 shares in total.
SmartStock again shoved 3 trades with having 420,250 stocks.
Nasdaq showed over 400,000 shares traded - however, there is NO "number of trades" information available. This data is indeed confusing and somehow "not consequent".
One thing seems to be sure: around 400,000 Shares have been traded
right in the beginning NOT making any significant price difference.
DayTraders "COULD" be one explanation. However, they are mostly NOT in thinly traded stocks, like ONPT !
ALSO IF DAY-TRADERS are involved in a stock, then THEY MUST HAVE A REASON FOR IT !!!!!!! I think, we both might know the SAME DayTraders Chat-Room (you are mentioning) and they are =ONLY== BUYING IF NEWS ARE THERE OR COMING OUT SOON. THEY ARE VERY-VERY short term players (as the name "DAY" Trader is already indicating.)
BUT THERE IS -NO- NEWS on daily respect (for today) on ONPT ! So WHY should be ONPT interesting for DayTraders ?
Ron - did you visit their Chat-Room ? What are they talking about ONPT ? What is the reason, which is given by the DT Leader-Broker for "Consider buying today ONPT ..." ?
Also I understand, that the DayTrader Chat-Room costs normally about 60+ Dollars plus per months. Are you subscribed there ? By the way, how do you like them ?
Keep in touch in this though one, buddy

Stefan
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