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Microcap & Penny Stocks : New Sky Communications (NSKY) -- Ignore unavailable to you. Want to Upgrade?


To: Freddie Forte who wrote (735)8/12/1998 4:15:00 PM
From: xbrent  Respond to of 2601
 
Trading looks orderly to me. Considerable amount of buying, nothing crazy. Some profit taking along the way. Nice close. Continuing visibility for stock, more newsletters. Multiple news pending.
Total market cap of company still quite viable for profitable takeover, although I am quick to add that I have not heard of that possibility.



To: Freddie Forte who wrote (735)8/12/1998 4:20:00 PM
From: Michael Bendner  Read Replies (2) | Respond to of 2601
 
This is all speculation on my part, but does anyone else get an inkling that there may be one or two big buyers at work here who see fit to REALLY load up on this stock? It just seems odd to me that when volume comes, it comes all at once. Yesterday, we had big volume in the morning, and then many smaller trades during the rest of the day. Today, we had a bunch of small trades in the morning, and then big volume came in during the last couple of hours. It's possible that volume follows volume.. meaning that one big buy can entice numerous others who have been sitting on the sidelines to make equally large purchases, creating the large bulge of volume, or MAYBE there are just one or two big buyers out there who decide to buy XXmm shares at some point in the trading day and have been doing this for the past week.

Am I making any sense at all, or am I rambling mindlessly again?

Michael Bendner