Tuesday, August 05, 2014 7:07:46 PM
The truth is GW is still a new company with a great niche market. We have all witnessed how volatile it can be. With the overall market in the midst of a downturn with so many different negative catalyst it won't take GW missing earnings expectation by much for it to break its current support level that it has been clinging on to. I see a possible correction to 73 which from its current PPS is a possible 12% move. Now let's say they have solid earnings. With the pressure the IBB has on it it could easily retrace with the overall market as well slowing any immediate rally GW may go on. I can see another attempt at 90 but even that seems to be a stretch. Unless GW comes out with some serious news (which of course can happen) I just don't see a big move imminent. The risk reward is almost equal going Into earnings. I honestly do not care how earnings play out as I will find a place to get back in. It's a great stock to flip.
But to make a statement that it won't go any lower and the train is leaving..... Common man grow up a little
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