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Gold/Mining/Energy : NP Energy Cp New -- Ignore unavailable to you. Want to Upgrade?


To: J. Nelson who wrote (19497)6/14/1999 5:13:00 PM
From: MICHAEL CRAIG  Respond to of 22810
 
Well it certainly was not a great couple of weeks for NPEC. This stock seems to be coming down just as fast as it went up. However, I don't feel it is the end or that this was the pump and dump I am reading about. I don't think they are that smart to cook this whole scheme where they enter into new ventures and put out releases perfectly. Some of them might have taken profits. You are giving them too much credit by saying they knew exactly how high NPEC was going. If it was a typical pump and dump like you say, why wouldn't they keep releasing news and try to push it higher than .28. They have much more to gain by doing that. What I think happened, is that NPEC reacted too quickly to news and ran up too fast. Upon seeing paper profits dwindle, investors panicked and sold to try keep some profits. I think this stock still has life. Just my opinion.