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Bullboard - Stock Discussion Forum Gear Energy Ltd T.GXE

Alternate Symbol(s):  GENGF

Gear Energy Ltd. is an oil-focused exploration and production company. The Company carries on the business of acquiring, developing and holding interests in petroleum and natural gas properties and assets. Its operations are located in three core areas: Lloydminster Heavy Oil, Central Alberta Light/Medium Oil and Southeast Saskatchewan. The Company is also engaged in focused on improving oil... see more

TSX:GXE - Post Discussion

Gear Energy Ltd > at least we are being PAID to hold
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Post by Chefboy69 on Jun 02, 2022 10:27am

at least we are being PAID to hold

this stock is defintley a bit frustrating to say the least
not sure why its  A range-bound (trading strategy refers to a method in which traders buy at the support trendline and sell at the resistance trendline level for a given stock or option)

but it is...

so i will just hold and get paid to HOLD

good luck all
Comment by Roscoe747 on Jun 02, 2022 11:30am
Yes, it's frustrating but these trading algorythms are designed to both sell and buy at lightning speed and siphon off a penny from slower bidding platforms ie: you. Playing the swing trade at the retail level is very risky and the chap posting about how much money he makes at it is likely trying to make it from you. There is a reason GXE is trading 2.5 million share per day average and it isn ...more  
Comment by Luckyeleven on Jun 02, 2022 11:47am
Well that happens with all stocks but doesn't change the fact that GXE is uderperforming almost all oil plays daily. I don't think you can blame the algos especially today. I can't explain it and still could be getting some profit selling from the spike under a dollar. It did the same kind of trading back then and who know it may spike any day or not. The more you watch the more you ...more  
Comment by Roscoe747 on Jun 02, 2022 12:33pm
The manipulation premise is more general than GXE specific but there has to be a better theory than lack of buyers to explain trading an average of 2.5 mil share per day and simply spinning the wheels. The most realistic explanation for GXE stalling is the simple fact that funding goes to the large entities first and filters down to the little guys when there are no better deals around. The lack ...more  
Comment by Luckyeleven on Jun 02, 2022 12:51pm
" The most realistic explanation for GXE stalling is the simple fact that funding goes to the large entities first and filters down to the little guys when there are no better deals around." Well that is a lack of buyers. i don't think you will have to wait until fall to see upward movement. 
Comment by Allinontheturn1 on Jun 02, 2022 1:06pm
Our next dividend is projected to be .026 per share that alone should move us up Significantly.need to get the word out about this. Hopefully Nuttall discuss this tomorrow in Marketcall.We need to call in & Email to Get Gear mentioned on the show. 
Comment by Nothingmatters on Jun 02, 2022 2:10pm
Is this dividend payable per month or every quarter?