Daytraders After Market Lounge 20th Nov, page-59

Pisces

Then why did PSY and ZIP continue to mid 50's whilst NXR has fallen back ? They were all traded in similar fashion.

1 stock retreating 50% after a 400% run shouldn't kill the whole sector sentiment

PSY had wild swings before it went nuts

I think the difference is, which people are missing, PSY and ZIP bought brokers on board to raise funds, promote the story, roadshow and network with them to a more sophisticated and less speaky group of investors, hence they received ongoing support

NXR raised money to unknown brokers, chinese investors etc - there are no name brokers to drive the story, and therefore not a whole distribution network and desk to support the stock

If NXR got their oppies underwritten @ 5c when it was 8c to a house broker, I think they would have been 6-8c still