Gear Energy Ltd T.GXE

IT's go time!

[Chefboy69]

after some good consolidation as others have said

THIS IS READY FOR A POP

GLTA

[Roscoe747]

GXE has already 'popped' but the profit takers, portfolio rebalacers and assorted sellers outnumber the bidders. The bidders are taking full advantage of weak sellers locking in profit (who are in the money, probably 50% or more). Go to the header and click on 'price history' to see how the entire float will change hands in 2-3 months at this rate. 6 mm shares yesterday and 7.5 mm

[Bombyass]

So this stock is dead??

[Chefboy69]

far from it...it has been consolidating for the past 3 months...and as many others have said is ready for another break-out soon I am riding free shares of PPR( was buying that at 0.03, its now 0.25) lots of traders are looking for oil stocks to dya trade and this will move soon  i have bet on it LOL

[Roscoe747]

  No, it's consolidating from the holders who bought in at < $1 to the new buyers who see the stock worth more than the ~ $1.50 they paid for it. With 260 mm shares out, on the back of a 50% bump, it just takes longer to consolidate. If you do your due diligence, you will note that the company has stated that a 'shareholder return plan' is on the agenda at the AGM. The

[Chefboy69]

read my post below yes congrats if you are LONG and up 50% i am up on SU, sold BRY and have been trading PPR oil stocks are HOT

[Bombyass]

A lot of selling here? Did they move to ath or gte ;))??or some one trying to lowering the price? 

[Chefboy69]

for every buyer there MUST BE A SELLER.. just curious how long have you been in the stock market?

[Bombyass]

Not much only 1 year:) but if you look at the chart of ath bte and gte pop up like crazy and this pos stuck

[Chimpwithdart]

I did look at the chart. For the explosive run GXE had at the end of january, it is impressive to see how high it has held. This type of consolidation is healthy for the next leg up. Had that not happened, this would be spiking up and down all over the place. As of now the MACD has bottomed and is about to cross. RSI bottomed out. 50ema has acted as strong support and we are seeing increased

[Chefboy69]

thanks for your analysis..this is very rare on a stock message board and I agree completely with your analysis what a relief to read a normal board..most are very toxic check out PPR..i think that is about to take off to above 0.30..i have been trading that one since 0.03

[bonjovi501]

I agree and ATH running hard again today and leaving GXE in the dust. Just hope the next news release is great as GXE needs a good boost.

[Roscoe747]

A rising tide lifts all boats. That is true for PPY as well but it's still a mutt.