SI
SI
discoversearch

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.
Gold/Mining/Energy : NP Energy Cp New

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Kenneth R. Moss who wrote (17744)5/24/1999 9:42:00 PM
From: Skip Henderson  Read Replies (1) of 22810
 
Ken thanks for posting that info. I talked with Dave a little while ago and was asking if he had any insight as to why so little price movement. His answer was a little surprising in that I thought I saw it happening.
He said that after close he had five very interesting calls three from
MM's wanting to know what was going on with the volume. Thats ok thats their job to find things like that out. The last two were very
slyly interesting. One call was from a man wanting to buy a large block of stock at .10 and wanted to know if that could be arranged. When asked who he was so Dave could make a few inquirys the guy hung up. Next call was from another "Representative" of a buying group trying to get an idea of what was up from the company and the
tremendous volume, after an explanation the guy wanted to do a private placement, again at .10 cents. When Dave indicated that was no need for the Company to Do a private placement the guy challenged Dave as to the company's need for cash. Dave said we didn't need it but would take his name and number and pass it on to the President....the guy hung up.

The significance is this: As posted by Lance most of the trades today were on the "buy" side. Where did the stock come from. After Thur and Fridays volume it would be indicative that most flippers were out of stock... So, today?/ SHORTERS...and possibly quite naked.
We all saw the attempt to knock the price down around 10:30 and then again around 1 pm they were trying to cover by trying to show weakness.
Well it didn't work. Even after hours trades had it closing at .10.
If there are some naked shorts in the MM groups then tomorrow they may get soiled shorts fast.
Dave has been working his but off promoting this company and today I think we saw the fruits of his efforts. Too bad the shorters
may get squeezed tomorrow, thats my opinion. They have it coming.

I may be right I may be wrong but we have seen this scenario happen in the past. Most of the old timers here can attest to that.
any other opinions on todays action?? We'd all be glad to hear.
Regards, Skip
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext