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Bank of Granite Corp.’s shares closed Thursday at $1.67, following a run-up in the stock’s price in recent days.
About 1.5 million of the bank’s shares traded hands Thursday, up from a three-month average of 78,826.
The company’s stock closed at 75 cents per share on Friday, 94 cents on Monday, $1.22 cents on Tuesday and $1.52 on Wednesday. Bank of Granite’s shares traded as high as $2.38 per share Thursday.
The last time the bank’s shares closed above $1 was in late September. Over the last year, Bank of Granite’s stock has traded between 40 cents and $3.61 per share.
Bank of Granite (NASDAQ:GRAN) has more than 15 million shares outstanding.
The past year has been troublesome for the company. In November, NASDAQ notified the Granite Falls-based bank that it faced delisting because its stock had traded for less than $1 per share for more than 30 days.
The bank also is operating under a cease-and-desist order from the Federal Deposit Insurance Corp. and North Carolina’s banking commissioner to halt “unsafe and unsound banking practices and violations.” The order, which came after the bank’s capital and loan performance continued to decline as the recession worsened, requires Bank of Granite to make major changes to its management and lending practices.
Also, the company reported a third-quarter loss of $3.7 million.
Bank of Granite operates 20 full-service branches in Mecklenburg, Burke, Caldwell, Catawba, Forsyth, Iredell, Watauga and Wilkes counties.
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http://charlotte.bizjournals.com/charlotte/stories/2010/01/11/daily40.html?ana=yfcpc
hi cohiba, it`s to time relax. i spend you a big cigar... Santa Clara Magnum from Mexiko !!
down gaps are closed.. looking for more!!
Open Gaps
Direction Date range
up Jan-13-2010 1.24 to 1.3
up Jan-11-2010 0.84 to 0.87
down Oct-02-2009 0.97 to 0.95
down Sept-03-2009 2 to 1.96
yes sir may be we miss the next doubler but it`s very hot now.
i told you that p + f play. it`s nearly completed but may be we got more X... chart looks strong until here.
remember the words of CEO see sticky. nice to see we are in breakout modus
@ big cigar: i`m riding all or nothing. bottom @ 0.4 or 0.5 was not really the prob... it`s only 20 percent.. LOL!
thanks ~~~~ we will get a piece ~~~~
first outlook
anybody noticed this... one for four. must be superman for sure that save some costs.
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6673717
welcome on board! next resistance round about @ one buck and then free to two bucks. hopefully it works and remember the words of CEO see sticky. good luck!
you are a wise guy... big cigar and grey coloured...LOL! ...
yeah you got it for the first run. notice first run!! IMO
needs to break the .7 ... i smell the dollar
next session to 0,001 is opened
what do you think what happens if 10k ihubbers hit the ask...
next insider selling... very sad
http://xml.10kwizard.com/filing_raw.php?repo=tenk&ipage=6664042
and back to the roots if bolli holds. if not it`s shorters paradise LOL
http://stockcharts.com/c-sc/sc?s=geta&p=D&yr=0&mn=3&dy=0&i=p86122670958&r=6586
hi everyone, just took some WAMUQ. good luck!
hi smitter... short term i was bullish and grabbed some GETA two days ago due to TA and for the dip. it works but after quick doubler and ~~~~~~ .17 ~~~~~~ i decide to sell. after that i read deeper into your board and now i feel better.. you could be right!
read this and transmit
http://en.wikipedia.org/wiki/Monoline_insurance
i don`t like monoliners and monoposters, that`s for sure!! come on babe and show your right face..LOL
could it be that insider selling from yesterday and the last days was a >>fake<< to get some cheap shares for something interesting in this company. oh no.... i never believe this LOL.....!!!
after three times rsi sucks we may see three times rsi hot and triple price from low.. watch it out
http://stockcharts.com/c-sc/sc?s=geta&p=D&yr=0&mn=6&dy=0&i=p44856857941&r=9580
was that bottom call...LOL looking strong here
http://investorshub.advfn.com/boards/read_msg.aspx?message_id=44602254
another look rsi three times suck!
http://stockcharts.com/c-sc/sc?s=geta&p=D&yr=0&mn=6&dy=0&i=p44856857941&r=9580
got some genta good luck!
may be we need a few trading days between 25 and 35 to clear TA.
i will try some later... we are all waiting now for da next move.