Ron,
You reflect the thinking of many investors in GPGI. Those of long and short investment experience in this stock have had more than their share of disappointment and tend to look with a careful eye at any new promises.
The stock moved drastically down on low volume and back up on low volume. Technically, the stock appears toppy now. The key will be the substance of the announcement on the 6th. I have no prior information on that. If the announcement is a continuation of the past announcements with no substance, then the stock will without doubt seek lower levels. If the announcement has a substantial basis, and by that I mean (production, refinement, and payment at significant levels), then the stock will move independently of any trend in the precious metals markets. Profit is profit is profit. Profit in a down market is good, profit in an up market is good, profit in a lateral market is good. Now, with that said, let us see what happens!!
Hopefullyprofitable, futurepositive, PGM, Jack |
