Glentel Inc GLNIF

RE:RE:RE:RE:GLENTEL is Now Oversold

[rusty777]

Well - it looks like lots of small trades from a variety of houses which suggests a lot of non-insititutional traders probably getting stopped out - It will be interesting to see if it falls to below its year low at which point you may well see higher volumes as the institutional traders start getting stopped out - especially if it falls below $10.00 at which some investment funds will pull the pin.  I must confess to finding it quite humourous to see all the analysts forecasting targets of between $20.00 and $23.00 as it rapidly goes in the opposite direction........and they get their figures from where exactly??

Cheers

Rusty