Nexus Energy Services Inc (IBGR)

[redwagon]

I went back over today's action with my conspiratorial mind, and this is what it came up with:

News came out this morning that a RegA is coming down the pike in the next month. Most of us, who have an understanding of how OTC and Marker Makers operate, have surmised that MM's are big time underwater with their short position (meaning they have oversold IBGR to meet buying demand but have no plan to actually buy the shares in the open market). MM's realize that this coming RegA has a very good chance of being set well above current levels and will not only spike the share price up above the RegA offering price, but will make it a certainty that it will never again drop below that price. So it is possible that what we experienced today was attempted accumulation while the price was being suppressed, and then rampant covering once it started to rise in the last 1/2 hour of trading. The Algorithms that are written by the MM's robo-trade when triggers are hit.

I think that tomorrow we may see an early pull back where some of the MM's try to bring the price down, but with a little bit of buying pressure, or if one or more MM's get cold feet and start buying to cover, we take off again, maybe even break .70 and hold. This is all without anything from the company. If Dryworld has some news/update/announcement, we could see 1.00 easy. JMHO