RE:RE:Break out TODAY?!!!!
Hi Lone star1
Had a quick look at the Gecko website and this is who they are:
`Gecko Research is comprised of a small number of Swedish private investors whose aim is to broadly share knowledge and investment ideas.`
I am not very much impressed by what they´ve written so far which is mainly basic technical analysis. Apart from that I have not seen anything that shows specific insight or in depth analysis.
They wrote: We have just seen GCU breaking out on good volume which of course is not true! GCU have 150M. shares outstanding and a 11% rise on a volume of 700.000 shares is neither a break out nor GOOD volume.
For GCU to break out look for many millions of shares traded within minutes. It may very well be the case that insiders in the know have been buying last Friday because of information that´s not available to us yet (but it surely did not spell break out.)
Next week will be interesting.... If a take out offer is in the make we may see an initial offer of $0,40, upping the ante by 10 cents or so and finally a taking out price of $0,60. If more parties show an interest and a bidding war evolves it´s off to the races and we may even see the $1 mark.
Interesting times for sure....
Good luck to all longs,
Honkytonkgirl