NewStream Energy Technologies Group Inc (NSGP)

[sydog13]

This is a post from another board. Just thought I would share. Interesting thoughts.

I bought CCTC at $.19 on 2/19 and $.115 on 2/23 for an average price of under $.13 (more was obviously purchased at the lows that highs). Bully for you if you say you got it at $.04, etc. Great call.

Since my buy point I have watched it trade. I sold a small holding at $.15 as a defensive move, but not much.

Something big happend on Jan 14th to this stock. Never in 10 years of the company trading history had there been a day of over 100k volume. Not one. The highest ever day I could find was on October 2nd 2008, when the stock traded 94k and closed at $7.00 per share.

Now check out the recent history:

8-Jan-10 1.18 1.30 1.05 1.19 12,700 1.19
11-Jan-10 1.15 1.20 1.05 1.05 49,100 1.05
12-Jan-10 1.05 1.05 0.95 0.95 14,600 0.95
13-Jan-10 0.95 0.95 0.85 0.85 15,200 0.85

January 13th the stock closed at $0.85 on 15,200 volume - a 2+ year low.

14-Jan-10 0.95 0.95 0.30 0.34 896,800 0.34

WTF is this? 896,800 shares trade literally slicing the price in half.

What is to follow is nothing short of a massacre..

15-Jan-10 0.39 0.39 0.18 0.20 1,072,500 0.20
19-Jan-10 0.26 0.33 0.11 0.11 1,818,900 0.11
20-Jan-10 0.12 0.19 0.08 0.15 1,818,000 0.15
21-Jan-10 0.18 0.18 0.11 0.13 440,500 0.13
22-Jan-10 0.12 0.14 0.12 0.12 199,600 0.12
25-Jan-10 0.13 0.15 0.12 0.14 725,800 0.14
26-Jan-10 0.16 0.16 0.11 0.11 376,200 0.11
27-Jan-10 0.13 0.13 0.11 0.12 595,700 0.12
28-Jan-10 0.13 0.13 0.09 0.10 1,423,600 0.10
29-Jan-10 0.10 0.11 0.09 0.10 1,265,300 0.10
1-Feb-10 0.11 0.11 0.08 0.08 1,107,600 0.08
2-Feb-10 0.08 0.08 0.07 0.07 470,600 0.07
3-Feb-10 0.07 0.08 0.07 0.08 340,300 0.08
4-Feb-10 0.08 0.10 0.07 0.08 331,000 0.08
5-Feb-10 0.08 0.08 0.06 0.06 793,000 0.06
8-Feb-10 0.07 0.07 0.05 0.05 2,181,800 0.05
9-Feb-10 0.05 0.05 0.04 0.04 1,415,800 0.04
10-Feb-10 0.04 0.05 0.03 0.04 1,634,100 0.04
11-Feb-10 0.04 0.05 0.04 0.04 6,049,400 0.04
12-Feb-10 0.05 0.05 0.04 0.04 4,534,800 0.04
16-Feb-10 0.04 0.05 0.04 0.04 6,884,700 0.04

SO thats 35 million shares traded hands. In 22 trading days.

Trend broken on 2/17 by the MOU PR
http://finance.yahoo.com/news/Clean-Coal...

17-Feb-10 0.05 0.14 0.05 0.12 37,646,900 0.12

Suspiciously trades 37 million shares, very close to the whole amount sold the last 22 trading days..

Then the pimp on 2/18 by Marketwire

http://finance.yahoo.com/news/Clean-Coal...

18-Feb-10 0.13 0.42 0.12 0.27 80,814,100 0.27

And since..

19-Feb-10 0.26 0.26 0.16 0.19 38,763,300 0.19
22-Feb-10 0.21 0.22 0.14 0.15 22,780,800 0.15
23-Feb-10 0.17 0.17 0.11 0.13 26,036,700 0.13
24-Feb-10 0.13 0.16 0.11 0.15 20,234,700 0.15

Thats getting close to 200 million traded on the upside.

Q. Where did the shares come from?

Marketwire said warrants. Lots of short too I read (40% maybe).

So whats next? Who was buying at the lows? The company?