Welcome To The North American Gem HUB On AGORACOM

The Company's primary goal is to explore for Coal in North America, currently the focus is in Kentucky, Saskatchewan and West Virginia.

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Message: Who's buying and who's selling?

Who's buying and who's selling?

posted on Aug 25, 2008 11:23AM

IMO, I believe it is a market maker (MM) who has been driving the price of this stock down to a level where the MM has been putting up intitutional size BIDS and likewise ASKS in order to intimidate traders to run in the opposite direction. The MM has (too me) been accumulating shares at these low prices. Volume however is starting to thin out which suggests to me that there are few sellers left (ie shares to be capitulated). What is needed now is for the management team at NAG to do somthing to raise awareness and get this stock moving up again.

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