Replies to post #13242 on 3Power Energy Group Inc (PSPW)

[Gopher Gold]

Penny stocks are about speculation and buying conviction/momentum. You will see stocks go up 400% on speculation that turned out later to be a fake PR or something. PSPW is different because after reading the DD this truly is a gem and I totally believe in it. But yeah, once people's eyes get on this after a PR or something the buying will push this well past a dollar imo. Good luck

[Planopenny]

probably because it hasn't merged yet. You are in college and couldnt figure that out. yikes

[Davel0r]

Hey Brett,

in my opinion the reason is very easy. In the last days we had a very large shorting amounts in this stock, so the MM were trying to keep this down. There has been some days with exorbitant volume here and the stock price was rising. Adding the existance of PSPW on the SHO list for the last 9 days. And if you were watching the Level 2 quotes, there was much manipulation there, which was trying to keep this down.

This facts all together leads me to the following conviction. This stock was shorted by some mm in the last days, which wanted to buy large volumes of shares on a low price. I'm looking forward for a strong price correction in the following days, because they need to cover. Besides I think we will receive another 8K or another filing with some new information.

I'm strongly convinced of the fact, that the merger is going to happen soon. There are lots of hints, that this process isnt a fraud or something like this.

Regards Dave