Replies to post #20027 on NanoTech Gaming Inc (NTGL)

[WhatsCookin]

Hi King George. I'll give you my take on your question FWIW. At first blush, with only 37.5 million shares traded today after a number of multi 100 million share days, today's volume seems like a negative, as most of the time dropping volume means price declines for a pink sheet stock. However, that didn't happen today, and what impressed me most about todays action was the fact that the selling at .0002 dried up significantly. Yesterday, it was around 100 million shares offered at .0002. If the selling had been at the same level as Monday, then at the end of the day, there would have been 70 million shares on the ask at .0002 instead of zero shares.

So my take is that the float is finally in some fairly strong hands of people who are looking for more than .0002. That's not to say that the MMs won't attempt to hold this at .0002, but at some point the air shares have to slow down or stop. That would create a scenario where some nibbling or even big bites get taken out of the .0003 wall and a bid begins to build at .0002, which happened a couple times today.

So I do think even with the lower volume that Cetek has a chance to grind thru the .0003s, probably fairly slowly for awhile, maybe days, but then with increasing speed depending upon such things as the MMs covering the recent shorts or some big buyers showing up from the pot stocks and in particular Dew^, which has run from .0004 to probably over a penny in the morning in several days.

I think the negative case is that the MMs put the hammer down at .0002 and dry up the buying there. But then they have a problem because there's a half billion shares bid at .0001 and probably a whole lot more in the wings from those who sold at .0002 or .0003 hoping to rebuy at .0001. As the last few days have shown, there aren't likely going to be humongous sells at .0001 because a lot of people aren't going to give up the lottery ticket based on what they now know about Cetek's potential. What I'm trying to say is that I do not believe that Cetek will trade at no bid anymore.

[Dutch50]

It ran yesterday on low volume, if you watch the L2 you'll notice a lot if the bad feelings at CTKH are not real, the wall at .0003 comes and goes at will and the only shares being sold at .0001 are 100 share whacks. She will go up. $CTKH