RE:Fwiw…….goldopportunity wrote: Traders were testing your resolve this afternoon as they were taking away their market depth bids. Well, ger shareholders are to be congratulated as no one gave into selling. And that's what the charts thought would most likely happen too as per my post from last night (thursday).
Ok, so what happens come monday. I suspect the pressure will continue to be on ger shareholders monday morning as traders will continue to hold back their bids in hopes that the weekend brings out some weak hands. Then hopefully by maybe monday mid-afternoon at the latest, there will be a trade(s) at .21 or .215. Even a trade(s) under .21 intra-day would be ok, as long as sp closes at .21+. Of course, the above would be a mute point if ger came out with another very positive news release by monday or an insider bought on the uptick again (or at least came in with a .21 bid).
You don't want to see a close under .21. And you don't want to see another day with no trading. Both instances will only embolden bidders to hold back bids even more and you'll see an increased build on the ask supply. So we'll see what happens. Jmvho.
goldopp
Who cares what the stock does now! we are generating positive cash flow, proposing dividends, expanding producton and we will start making millions soon. This day to day trading will only give to a higher trading range. We do not need to raise money, progressing very well and eventually all this will reflect in the share price.
For people who has no patience they can sell now and move on, will be replaced with better investors