SKPI.OB

[David Randolph]

Jesus, SKPI.OB just traded 15,900 shares yesterday. That's not good. But I'll hold the stock anyhow (perhaps I should say I will hold this option on the oil price).

[David Randolph]

SKPI.OB has such a strange behavior in volume terms. One day it almost doesn't trade, the next day it does 2 million shares. This looks like someone is «taking care» of the stock, a pool is being made to take this stock a lot higher.

Livermore talks a lot about these maneuvers on the final chapters of Reminiscences of a Stock Operator. These things work the same way now as they did in 1923 

[David Randolph]

Again, what a strange volume behavior on SKPI.OB. This looks like someone is manipulating the stock. One day it has a lot of volume, the next day the manipulator leaves it alone to the market forces. Nothing happens. It seems the man is testing the water now.

Distribution certainly doesn't act this way ...

[David Randolph]

SKPI.OB is still sleeping and boring. Stuck on a range between $0.95 and $1.08.

[David Randolph]

Absolutely nothing happened on SKPI.OB. Even in Reminiscences of a Stock Operator there are stories of many companies that, just because they were on a hot sector (like the oil sector now), rocketed to the moon, regardless of fundamentals.

The market works this way for centuries, it will continue this way forever I believe.

[David Randolph]

Beside AMEP.OB there's nothing new in the micro cap oil sector ...

[David Randolph]

At least today the stock had some volume. Still stuck on that range.

[David Randolph]

Absolutely nothing new on SKPI.OB. No news, no technical developments and no volume. I'm calling for a rally in these micro cap oil stocks when the oil price resumes its uptrend.

[David Randolph]

Nothing new on SKPI.OB on yesterday's session.

[David Randolph]

3.33% of 3 Stocks on Fire portfolio is parked on SKPI.OB, waiting for the upcoming oil and gas related stocks speculative bubble.

[David Randolph]

Nothing new on SKPI.OB, just 8,500 shares traded 

[rocket8]

i can't believe it.  were up. woo hoo.

[David Randolph]

A move on SKPI.OB?  Amazing !

We've had these news near the close: Sky Petroleum Appoints Don Cameron to Chief Executive Officer - Solid Managerial Expertise Added to Company 

This is a good thing, since prior management was internet related I believe 

I don't know if this is a start of a bullish move out of the $0.95-$1.08 range, it's hard to believe, but one has to give some credit to the white marubozu on the chart below:

[David Randolph]

Some volume on SKPI.OB and the stock closed above $1.08, which is a positive development. I'll continue to hold this small oil related stock.

[David Randolph]

SKPI.OB amazes me everytime it rises, me and a lot of people on this site 

I think this stock has a pool of manipulators in charge of taking it higher, a lot higher from current levels. Good manipulators take the stock as high as possible and then sell on the way down. So one just has to go with them and sell when they start selling.

This pool is in charge to take advantage of the upcoming oil stocks speculative bubble.