Share price will be based on News We've been hitting new Highs for the past few days based on the speculation of News and what most of us would consider a really good News Release.
There is the saying that it is always good to take "something off the top" at the time News is released.Such was the case yesterday when we reached a new high of 43 cents only to settle back at 36 1/2 cents at the close with a 1/2 cent gain on the day.
Nothing goes up in a straight line but there is little doubt that this Story is as exciting as it gets and we are in an "uptrend". How long the uptrend continues will be based on the RESULTS of the current "DownHole Tool" tests.
I wouldn't anticipate any more News this week and would therefore expect us to settle in the trading range we're in, my guess would be 32-37.
If the downhole tool continues to do what it is designed to do and future News Releases confirm this, then the share price will react accordingly.
Certainly to say the least this is as good a Speculation as you could find, but it is still speculative and each of us takes our own risks.GLTA