Replies to post #261 on Summit National Consolidation Group, Inc (fka SMNC

[zatoichi]

abracky, I think you are right.

barquotes has suggested that the resistance would be at .045, but given past experience .04 does seem more appropriate. As for future resistance points, abracky you are probably correct. It does, however, seem intuitive that something external like PR campaigns, positive announcements drive the price of the stock.

IMHO rallies that are longer lasting will not happen until the financials are out. This is because the focus for the stock will not be there until financial anylists and writers get a look at public material that is subject to audit.

This is not to say that the current management has done anything disreputable or questionable. But it would signal that the earlier abuses of incompetance, fraud and deception have been put to rest and that SMNC has since moved on to bigger and better things. Unfortunately what most of the readers of our posts know, that Mario Queeneville is an honest, effective and hard working CEO, might not be evident to some of the nay-sayers.

So therefore, IMHO, the price is also a reflection of past problems that are no longer evident and certainly no longer true.