To: Ga Bard who wrote (6617 ) 5/29/1999 6:38:00 PM From: Jeffrey L. Henken Read Replies (1) | Respond to
>Jeff apparrently you are not familiar with trading log analysis ... from the 22nd to the 26th .. you missed the last day of the run but those two days make the point.<Perhaps you should try to teach others rather than pontificating. There isn't anything I, or many others, can't do if I'm given the opportunity to learn. In your post you referred to April 22nd, alone, saying that 1 million shares had traded. That did not happen. In fact you post was full of a number of inaccuracies. Message 9841409 Actually it took longer than two days which kind of proves your point. However a thirty one cent gain was also nearly enough to double the stock price :tradepbs.com ;Ok lets see.... LAHA has 2.32 million shares issued and outstanding but is in the midst of a nice breakout on low volume. The float must be pretty well controlled. Might be time for some profit taking. CBQI has issued a millions of restricted shares issued. I have no idea what the float is from their recent 10QSB. In fact I really don't see the similarity between CBQI and NRPI at all. Do you know for certain what the float is on either stock? The chart looks like technical hell for CBQI stockholders. Hopefully it will turn soon for those long on CBQI :biz.yahoo.com sec.yahoo.com I did do technical analysis on NRPI before buying a single share. The stock was trading at a 52 week low. Now with even a better than 50% move off that intraday low the stock is still no where near violating the upper bollinger band. I think this stock has a ways to run yet. I do not think it can happen if we never see anymore volume than we did in late April but stranger things have happened. Lets say that is a given. Do you know what this stock might do if we actually had 1 million shares traded in one day on good news? Can you predict the future? Well I can't either. I promise to be careful. I have confirmed that the latest company press release concerning shares outstanding stated that NRPI had 1.6 million shares outstanding. Even if everyone of those shares was in the float, which I doubt, it's still a very small float compared to most of those stocks discussed and traded by those on this thread. .
