KG4, I appreciate and respect your recent post. However, I am curious about your statement that the tale of the tape is telling you that the stock is in a downtrend that will not stop. I have been at this quite awhile, and use fundamental and technical analysis. However, technical tools seem mostly useless in the penny stock arena.
May I ask that you disclose exactly how the tape is telling you the decline will not stop. I am interested because of holding a substantial position of GCHR. I have read all the SEC filings, press releases, board postings, and anything else I could find before taking a position and adding to the same.
Most importantly, I have spoken on numerous occasions with the folks at the company itself. I have to admit that I have found them to be courteous, informative and forward-looking. I have concluded that management is both capable and competent based upon my contact with them.
I made purchases of GCHR on a number of occasions because I believe that oil is the place to be. GCHR is a company that looks as if it has successfully turned it around, re-starting wells, producing revenue, and most importantly, have a sensible plan for excellent future growth is worth investing in.
I believe GCHR at these prices is a nothing short of a gift. If it goes lower, I will buy more. I fully intend to hold this stock for the longterm. I believe, this and other pennys in the oil business (such as PBLS) are ripe for huge gains for months and years to come.
In conclusion, I appreciate your willingness to discuss and consider both the good and bad aspects of a stock and I look forward to reading your posts in the future.
Thank you. |
