Replies to post #55323 on New Generation Consumer Group Inc (NGCG)

[Nicasurf]

It does but also holding intraday support levels. Looks more like a squeeze then sell the news IMO. 250mill merger company getting a 178mill float OTC. Today was the pullback

[lumpy9200]

Why on earth would this be a "sell the news" setup? There's been plenty of buying but not on "rumor". The changes at otcmarkets say it all. And if the "news" to you is when they drop the 8K that shows Elite Beverage is merging in, well then you have a company worth monumentally more than the current value of NGCG. If this looks like a "sell the news" setup to you, then the share price needs to be at $.50 or more. I don't see how Elite Beverage is worth any less than $300 million, and maybe is worth much, much more than that. I don't care how much NGCG stock has gone up over the last couple weeks. It is still crazy cheap