Markox5 -
Very well put! GLOW is a penny stock, and being a penny stock that starts having large volume each day gets it noticed! For each rise in GLOW, there will be resistence. Each subsequent news release of another addition to the comapny (which will happen according to Gary) - the stock will rise some more and dip to a new level.
If you mess around with penny stocks, you will notice that each major move lasts for 1 1/2 days and falls off after that! As new press releases come out, the same thing happens at higher levels!
You can either join the crowd and sell your shares in hopes of getting back, sell and leave, hold and wait patiently!
After going to GLOW's office and asking many questions, I found out that this company really doesn't have much overhead. They use contractors to design the website and software used at these gaming sites. The sell their software to other casino sites and plan to purchase casino sites currently running in Halifax NS and then there is ECS and other projects.
No insider news, but Gary answered all my questions and didn't answer the ones I tried to get out of him. Sitting in his office and listening to numerous calls he had, I found out some KEY things I look for when purchasing a stock....(The key words this time were....acquisitions, large profits, full casino gambling other than BINGO (my GrandMa isn't going to get on the web too often), growth, merger???, search engines, etc...
You never know if a stock will tank, but I don't see that with GLOW...I see more than $1 this year, but who can tell really?
Jack |
