RE:RE:RE:RE:RE:RE:RE:RE:SEPTA Board Meeting This Afternoon 3pm ET to Approve NFI This run-up was directly correlated with the NASDAQ rallying at the end of day. Markets rallied over 3% in the last hour and so did we. Albeit, up 10% on less than 30k in trading volume. This is one of those moments you really see how thin the float is here. Yes we drop quickly on low volume, but we also rise very fast on low volume.
$5 mil SEPTA contract should be out publicly very soon (only took a week for the $1 mil upgrade to go from agenda approval to public news release) as the agenda was approved last Thursday. This should help a few new eyes find us. I believe this is oversold here.
From a technical perspective, if we manage to rally past 61 cents in the next 1-4 weeks our chart will form a longer term uptrend with higher highs and higher lows. However, GSI is very susceptible to market conditions and we need the NASDAQ/market as a whole to remain flat or positive.
We need more guidance from Doug on what to be excited about in the next 12-36 months. I remain optimistic. GLTA