Jafco,
You confused me so much with your complex qusetions that I typed Jafco as my username on logon.
Can you simplify the question?
If it is about the price projection of GPGI, I can only tell you that it looks OK today. Very much, it depends on the company____----____and what they are willing to tell us!!
Once again, it has been too long since a meaningful announcement!!
We are all news junkies, and with that said, I will only comment on the price action.
Let me drag out my chart--
The long term trend has been down for a long, long time. The stock moved below long term support levels in December to below $1.00. Then moved into a pennant formation from which it has recently broken below and then rallied. If this formation holds, it projects to the $1.80 area. We could be nearing a longer term bottom in this action, but I will not call it till I see it. Frankly, it depends on the company, and they have not come forth with much lately. Short term positive here!
If this rise does not hold, then we are back to the short side of the formation and finding a bottom above the $1.00 area. In summary, I think that we have seen the ultimate bottom, and may test something above that and pox upon anyone who says different!!
Pox upon the detractors, Jack |
