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


To: grantsi who wrote (13449)1/20/1999 4:51:00 PM
From: Ken Sammut  Read Replies (3) | Respond to of 22810
 
No conspiracy theory.

With the large float most penny stocks have, it takes several days of very high volume trading to get the stock moving.

You have big resistance levels at these low prices. Millions of shares have been bought at 2 cents, 3 cents, 4 cents, and so on with less shares bought at higher prices.

Between profit taking and some who sell because they have less of a loss, it takes many millions of shares to trade to get past the 6 to 8 cents level. No conspiracy just the way it is.

This stock will have to trade (IMO) over 15M shares at the 4 to 6 cents range to build a new solid base. If we can do that before real news comes out, the stock could easily go up 400 to 500% from its present level.

Ken