Novus Energy Inc NOVUF

sell or not to sell....

[Shlinker_]

There is no question the houses put those so called "walls" up at 1.09 and 1.10. Its merely to control the share price, and prevent it from running up to higher levels. The greed runs rampant. Truely, the best advice to take a little off the top but hold a core position. Always remember one thing....if its too good to be true in the market - It probably is. But here? who knows.

[bobshere]

Why would they want to keep the SP down?>

[lucky#8]

Whether it is the houses holding the price or not I cannot tell as I do not have level 2 to see if they are participating. However if it is them, they could be holding the price down because the volume here is huge and they can accumulate millions of shares at prices between 1.05 and 1.1 before letting it go to the next phase. They have the capital to block and make the final drive to touchdown

[michelleb33]

For sure they are doing that lucky 8. Im not selling anything

[Shlinker_]

If i had millions of dollars Id control the share price of a particular stock too. Allowing time for consolidation always benefits the holder down the road. Houses accumulate shares as cheap as possible for larger returns later. Good 0.02 cent move up today.  Solid accumulation. Cheers all.

[bobshere]

So what your saying is they just sell enough shares to keep the price down?

[Iching64]

you can drive the price down by putting in  lots of small sell orders at just below the last trading price, and small sell orders will typically get a lower price since they are odd lots of shares.  When the price is driven down to your target price you start to buy in much  larger quantities  (than you sold), hoping that does not drive the price back up to what you