Ron: Technical analysis cannot forecast changes in the fundamentals, however, these changes are not well broadcast through the news media, and that is why TA is important in order to guess upcoming fundamnetal changes (see Arakis thread for our guessing games there). I do not argue at this point your fundamental tennets that GRNO has a number of important stories to tell. The fact that you are in close contact with management can sometime blind you to the realities of a situation (I have a similar if not as close as yours, relationship with people at GPGI, and I am enable to phatom the direction of the stock there either). The fact of the matter is that we have had three good news release in rapid succession and the stock dropped as low as 1.5. Yes, last Friday might have been, as I said earlier today, a volume/price reversal, but until GRNO breaks back well above 2.375, the jurry whether this was a true or false alarm is still out.
Learn to be cynical, management of small organizations like GRNO know of the power of the net, and I would not be surprised if some of us (including your humble servitor and yourself) are being mindfully manipulated and cultivated for that purpose.
Last week, I got a vey interesting unsolicited call from CVR (a Canadian play), I do not know were they got my name and what their intentions were, but I would not be surprised if they are in the process or already have found few net-nuts like I to use as informal (and thus unverifiable) trumpets for their play. Beware, just because you one is paranoid does not mean he is not being followed.
Zeev |
