Gleacher and Company Inc fka GLCH

[Researcher Ed]

I believe with the way its trending the past month it will continue to rise very conservatively and once it reach a key point at 2.29 if it breaks that I expect another wave of buy-ins since 2.29-2.30 is a key resistance from around late July.

In any case I expect a PPS in the next 2 month around $3 if this trend continues and breaks resistances. My PPS estimate is being conservative and it's not applying any increase in volume. If we do get more exposure in this and more get-in this trend I expect it to rise to that $3 and more much faster. Key point is we fuel this Bullish trend through exposure and awareness of this trend to the community.