(GSPG) Amazingly Enough Has Held Gains and Testing .05!
Wednesday, August 6th, 2008Can’t believe this penny stock has held ALL its gains, and that’s why I’m highlighting it. Normally as I mentioned in this post I am not a sub penny player, but ever since they became increasingly liquid over the past month they’ve got me monitoring. GSPG amazingly enough has held higher highs and higher lows for the past 6 months come up from micro penny level which is pretty much unheard of unless you go back to the QBID days four or five summers ago, or USXP of two summers ago.
At any rate -heres the chart:
Watch for dips the next few days where it may be a good flip towards the .05 break. I’m sure a lot of longs are sticking in with a psychological price point in mind of .05 for the big test, once it breaks that I’m sure they’ll all be jumping on a dime. This shareholder base is ridiculously large given the float so anythings possible.
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ABK watch for this to lose $5 and continue selling pressure downward - after all longs have been given 5x their return off the 52 week low, keep that in mind
RDN amongst other financial stocks beginning to show some weakness (obviously FNM and FRE to thank for that)



