Zeev, you are right about this stock stinking from a technical viewpoint, but I continue to see light in the GRNO tunnel....For all you guys who like to stare at charts until your eyes hurt, get GRNO up on the screen and see if you see what I see....You see a bottom of 1.00 sometime back, we call that the Head...Now look to the right...You see what we call two right shoulders...The first right shoulder was formed on 10/30 at 1.43.....The second right shoulder as I mentioned on a prior post is being built right now. It is about 1/2 finished and began at 1.50.....Now you are saying, "Mark, you can build shoulders forever!" Yes, I could, but usually with this chart formation, there are only two right shoulders that are built....Then the reversal takes place....If you plot the distance between the two shoulders you get 27 trading days....Now this stock should see the blue skies or debtors heaven by January 17th, 1997 or sooner(I thought we'd see some daylight this week!!)....My first target remains 3.00, and then once we clear that, a quick move to 5.00.....However, if this stock closes below 1.50 at the end of the day this week, we are in serious trouble...Then and then alone have all technical indicators gone down the drain......Hoping to unclog the GRNO Draino soon.....Am disappearing again, until we see the white volume of its eyes....
For the gentleman who said there are no skeptics on this thread, there are, namely THE MARKET.....The market does not believe this mini-plant will be operational this month...The market is saying that GRNO will come up with excuses as to why it just isn't working right this week......Prove the MARKET wrong Bill, Ron,etc.....I support you guys.....
Regards, Mark |
