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Alex, GEM is not a good short candidate, and I strongly recommend that you fill it. The upside is much greater than the downside at this point. It seems to have found a nice base at $.60, and is having real difficulty staying below there. I'm looking for news shortly, and it's my belief that it would take nothing to move this stock to $.85. The Bill Cameron release took it up a dime, if they were to announce when the gem website will be operational, or an acquisition, there will be a rush on the stock. There was a nice opportunity, in hindsight, to short the stock at a buck, but if you're shorting it now, at $.60, you've missed it. Upward from here. |
