NewStream Energy Technologies Group Inc (NSGP)

[trader53]

sjames41: I do still stand by my view

that the stock will go under 0.034c.

I happen to agree with other posters that the run-up in the stock yesterday to nearly 0.09c was an opportunity (for MM's and investors) to unload.

The CEO again took advantage of the move and unloaded.

This was, IMO, a Intermediate-Term reaction and Retracement of the decline from the previous peak of 0.185c high set in April, down to the recent break of support at 0.05c, where the stock got to 0.044c low. ( Many technicians look to BUY a stock when supports get broken ), as this shakes out the weak holders.
The shorts started chasing the stock to cover their positions, causing the price run-up. The Q2 results were not good, and so a pull-back on Monday is what I'm expecting.

Again, as I have always said, time-and-time again, BUY on RUMOR, SELL on NEWS. This strategy has rewarded traders for the last 6 months if they followed it and SOLD on the NEWS release, especially with the volume yesterday. Alays SELL on that kind of volume !!!

http://stockcharts.com/h-sc/ui?s=CCTC&p=D&yr=0&mn=6&dy=0&id=p77444858148