Posted On: 12/04/2015 5:57:56 PM
Post# of 96881
Re: Krisandtilly #42511
been watching the same pattern. In addition, when the news comes out the share price goes up again and then drops...sometimes in the same day. My guess is they drive the share price down before the news and but.
When the news is announced, the price goes up, flippers sell, then the price goes down again. And/Or, the shorts buy at the high and short it when the price goes down again. Possibly a combination of both.
The only thing that I think will make a permanent effect on the share price is when the company starts to generate revenue consistently......my guess anyway. I wouldn't want to be a short when that happens.
News isn't going to have a permanent effect on the share price at these levels....this stock isn't your normal pinky, but they're going to play it like that until NTEK proves it can generate revenue consistantly.
When the news is announced, the price goes up, flippers sell, then the price goes down again. And/Or, the shorts buy at the high and short it when the price goes down again. Possibly a combination of both.
The only thing that I think will make a permanent effect on the share price is when the company starts to generate revenue consistently......my guess anyway. I wouldn't want to be a short when that happens.
News isn't going to have a permanent effect on the share price at these levels....this stock isn't your normal pinky, but they're going to play it like that until NTEK proves it can generate revenue consistantly.
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