Let's see if I can explain this without getting y'all in a tizzy. I can say y'all (I lived in TX a good percentage of my life still consider myself one.)
As current investors, yes we have many, many reasons to be optimistic that's not what I'm saying. I'm talking about those that will make this price move, the traders/specualtors. Breaching the up trendline tells me that those buying in hopes of the price moving up considerably based off known developments are abandoning that hope because things are not developing fast enough and their money could earn more elsewhere. Current investors aren't the ones who are going to drive the price, they're for the most part emotionally involved as evidenced by postings on these boards. It's those that don't give a rat's azz what heppens to GTEM as long as they're making they're 10-15% regularly off it. Those trading off the charts and trying to get ahead of the news are what's going to drive the price up and make current investor's portfolio's look better. Those day traders, short sellers and MM's that everyone posts negative comments about are what fuels the rise of stocks not those that buy and hold.
I've been watching that trendline for almost 6 weeks, holding and the price bouncing off of, it didn't hold today so, without any developments that don't appear the Standard Operating Norm for GTEM PR's we're going to drift back down to the .33-.31 maybe lower depending on when that speculation returns.
