kenzo,
As an inveterate bottom fisher, I'd start accumulating under $5. But this is getting to be a tough call. The Street seems to have taken notice of the normalized relations with PKI. GNSL now regarded as a plausible turnaround play instead of a bear market basket case. And it seems to be becoming a momentum stock.
siliconinvestor.com
I'm really bad with those. Maybe smh, who's been following the company, and one of the few with the guts to keep buying when everything looked grim, has an idea. With the exception of smh, we're all kicking ourselves. I bought some in the 3s for the Trickle Portfolio, but didn't dare do it myself.
The chart indicates a possible breakout here, and some technicians might say get in now. However, we are getting into warnings season, and I expect Mr. Market to back off again soon. So I'm guessing GNSL will get back under $5, but we're not going under $3 again unless the competition is clearly eating their lunch. Not likely if PKI starts doing its thing; it's a major player. My humble opinions, of course. Good Luck &
Cheers, Tuck |
