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Alias Born | 01/10/2006 |
Friday, April 07, 2006 10:47:27 AM
It is on the chart, so no reason to bash me if you cannot read TA. The Chartists can confirm this.
So hope for some some quality news. Perhaps some fluff coming at any time. This only helps as a temporary fix. VOD, e-golf, etc.
No way I will hold into the Q. It will show you exactly what I am talking about with the low sub count. And Quarter ended in March.
Without news, support has broken, imo. And I trade on support triggers, always taking the emotion out of the transaction. .012 was the support. It only bounced off it the past few days. Sure, it may bounce up there again. But lower highs and lower lows until big news, imo. And any news can pop it. But sustain is another question.
Perhaps will revisit on the selloff after the Q. I cannot trust that they will not release it early just like the 10K was. And this is the main factor in conserving principal.
No news can pop it enough to make it worthwhile at this time. AAFES is huge, but the market does not know AAFES like it knows CC.
So many great trading opportunities out there with low floats. Too many shares to move GZFX much as evident by the CC announcement. Sure it dinged .0209, but fell all the way back rapidly. No support was ever established that high.all imo. And GZFX has added more to the A/S since that time.
So let's be realistic about the stock price for GZFX. The trade was on the big news. Sure small gains can come with fluffy PR's, but flippers will rush to get out. So many are waiting to get out on the next press release, imo.
The risk absolutely outweighs the rewards before the 10Q.
Good luck and hope for a PR.
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