Tuesday, August 06, 2019 3:12:24 PM
The sharp downward price trend in GERS stock from closes above 9¢ to the current closes at 6¢ is important because it's so rare to see more than 10,000 shares traded during any trading session. GERS stock is still trending down, but it's harder to notice a two-week trend at the end of a six-month chart or a one-year chart. A GERS trader has to watch the daily price movements more closely in order to see it. I have been watching this stock more closely, partly because I want to sell my shares. Someone who expects a windfall when the Appeals Court makes their final ruling is likely to ignore the daily or even weekly price movements.
Those are very temporary rallies. They last less than 24 hours. This is another reason why I say that GERS stock is trending down. If we had hit the bottom of a market cycle in this stock, we would see multi-day rallies instead of the short spikes that we are seeing.
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