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Gold/Mining/Energy : Nevtah/Tower Oil Intl.- NTAH -- Ignore unavailable to you. Want to Upgrade?


To: Author51 who wrote (1911)7/6/1998 2:03:00 AM
From: Loren S.  Read Replies (2) | Respond to of 3817
 
I'm new to this one. I am learning as I'm reading and am encouraged by the potential. But one big turn-off on this thread right now is the short squeeze discussion. Having just gotten burned big-time in the PKGP/USXP short squeeze...not, rather a 70:1 reverse split, I say to hell with short-squeeze crap. The stock is going to rise or fall based on their business savvy and revenues. A big strike of oil wouldn't hurt either. Talk of shorts dominates all of the penny stock boards these days. It's the latest trend which seemed to all start with the OVIS/RMIL fiasco. While there may indeed be short positions on many of these stocks, they are not the major reasons stocks are rising and falling. Business, rumors and the herd mentality move pennies more than any other factor.