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Microcap & Penny Stocks : NuOasis (NUOA) formerly NONA -- Ignore unavailable to you. Want to Upgrade?

To: Fitz who wrote (649)	10/28/1998 2:26:00 PM
From: Ken Sammut	Respond to of 1622

As I mentioned in an earlier post, it is going to take a lot of volume to move NUOA. My guess was that it would take 20M shares to trade this week to move the stock to the 8 cents plus level. We have only traded about 7 to 8M shares so far this week. Most penny stocks struggle to get to the 10 cents level as it takes a huge amount of volume when there are a lot of shares outstanding. IMO, it will take some positive news from the company to escalate the buying necessary to move it up to double digits. Once in double digits, the stock could run. Here's hoping NUOA has something good to share with us. Ken