Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

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

To: Donster who wrote (2474)	9/17/1998 12:32:00 PM
From: Michael Bendner	Respond to of 2601

The reason behind the sharp rise yesterday and equally sharp sell on news today was undoubtedly a number of recent posts touting NSKY on all of the "big story" stock threads (including ARET, PRWT, etc.) Most of these stocks (like most all pennystocks) have been hit with sharp price declines in the past couple of months, and I would suggest that a lot of people who hold some of those stocks long just saw NSKY's momentum yesterday as an opportunity to make a quick profit and make up for some of their paper losses on their respective "favorite" longs. So, in the short-term, these "hype" posts seem to have had a negative effect. Maybe -- maybe not. Perhaps, without those posts, the stock wouldn't have run has far as it did yesterday (4 cents). The sell-off was inevitable as many of the "new investors" were just in it for a quick buck. In the long-term, those posts will probably have a net positive effect as lots of people who hadn't heard of NSKY before are now more aware of it. We may end up with several new NSKY supporters out of the deal. On the negative end, we may be stuck with a few sour apples who just bought in on the way down. These are the dynamics of any OTC:BB spike. Learn to expect them, and you'll find you won't need nearly as much ulcer medication. :-) Michael Bendner