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Sundays Times article – The Shady side of penny stock rallies confirms broker intervention……looks like the penny rally may end soon
By Kevin Scully-Financial Blog  •  April 30, 2012
 I read with interest the article in the Sunday Times - the Shady Side of Penny Stock rallies which focussed on my earlier Blog posting - "what will bring the penny stock rally to an end".  In fact Yasmine had called me on Friday afternoon for a quote and I shared some of my views with her. Her article is reproduced below for those who werent able to read the Sunday Times or who didnt read it for ease of reference.
    By Yasmine Yahya   Small, cheap stocks, some costing as little as one or two cents apiece, have been driving up market volumes to astonishing heights in recent weeks, yet nobody seems to know who is trading these 'ultra pennies'. Remisiers and analysts hint that it could be the work of 'trading syndicates' - groups of full-time stock market traders who work together to amass large amounts of certain ...
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By Kevin Scully-Financial Blog
Kevin began his working life in the regional and economics division of the Ministry of Foreign Affairs. He then moved to the private sector analyzing equities before venturing out to start NRA Capital. After 25 years of watching stocks and living through financial disarray during the Pan Electric Crisis, the 1987 Crash, the Barings debacle, the Gulf War, Asian financial crisis - what can sub-prime do but add another scar to already bruised wounds. Ever since starting his blog, Kevin has been enthusiastically giving his personal views on the market. He discusses about equities, the market turmoil, and the broad economy.
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