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Bullboard - Stock Discussion Forum North American Gem Inc V.NAG

TSXV:NAG - Post Discussion

North American Gem Inc > On the move/
View:
Post by ryanru on Aug 16, 2010 12:46pm

On the move/

A 9% move, anybody have some theories? PP is complete? Mine news?
Comment by nrptrader on Aug 16, 2010 12:59pm
My guess is a NR with an update of mine #2 possibly!
Comment by Durkastan on Aug 16, 2010 2:03pm
lol... are you guys for real? :(A 9% move on a 0.115 stock means absolutely nothing. Why are you even trying to read into this? Volume is low. The stock's basically been LOSING .5 cents every 2-3 days since its recent highs. This is nothing more than one person putting in a buy order and buying what was available at 0.120.When news is imminent, you'll know it. For now, this stock is dead.
Comment by ryanru on Aug 16, 2010 2:24pm
I do not have access to your vast stock knowledge, so yes I was being "for real"- If other shareholders on this board also wish to talk about the 9% move I do not think you are in a position to call them out on it- I appreciate your "take" on what it is; or could be caused by though-
Comment by Saturn4 on Aug 16, 2010 2:37pm
ryanru, I too think that you are reading too much into a 1 cent move for a penny stock sitting @ the .12 range.  That 1 cent move may be significant if it was accompanied by good volume as well.  As it stands, IMO, until the PP is filled and approved we probably won't see too much more of a fluctuation in s/p ... I could be wrong and you could be right ... let's hope you are ...more  
Comment by Durkastan on Aug 16, 2010 2:41pm
Sure, you're right, everyone is entitled to their opinion. That's what these boards are for. Honestly though, you're reading too much into a tiny move on low volume. You don't need "vast stock knowledge" to know this.Shares traded today: 368,000. Total shares outstanding: around 180,000,000. Total $  value of shares traded today: roughly $45,000.Total $ value of ...more  
Comment by ryanru on Aug 16, 2010 2:44pm
You may very well be correct, It simply struck me as something to discuss-  I find some people here talk to IR or sometimes here rumors and was simply fishing for information if somebody had it.  It would be great to see if K. Chow filled another large PP-  I am hopeful here- :)