A post from the Yahoo BoaRD.
2008 Prediction 20 minutes ago " Here is my 2008 prediction for this stock. I have been investing in the stock market for over 8 years and I have made a few small fortunes watching trends, charts, etc... So here is what I predict for this stock for 2008. First lets look at the history of this company:
1. When this stock first opened up for trade in 2002, the stock went up over $34.09 per share in March 2002. By July 2003, this stock was trading as a penny stock and people were buying up shares under $1.00. So, for the past 4 years, we can see that this stock has been trading for under a dollar. Why? The reason for the drop in this stock's price is because of the financial records and balance sheets. This is very typical for a new business. Most companies show a loss in the first few years of business. This is very normal! Keep in mind, this minning company has only been around for 5 years.
2. Now let's look at all that has happened with this company over the last 5 years: This company has dealt and settled with a lawsuit. This company has had a change of hands regarding board members. This company has been working hard to gather capital so that it can purchase all the equipment needed to become successful. And Guess What???
3. After 5 years, this company is showing signs of turning around! It has gathered up enough capital (by deluting some shares, etc) and now this company has just hired the largest drilling company in North America! And this company is mining in one of the richest areas in the world!
4. My prediction for 2008 is a "turn-around" year for GSPG! This is the year that you will see this company grow. The investment that this company has put into the business can only start to show a profit from now on. Once this balance sheet starts to show a profit, because of their successful mining --- look out, because this baby will fly!!! So, why wouldn't this company begin to show a profit for 2008? The question is how could it NOT show a profit for 2008 when it has finally grown to the point of hiring one of the best drilling companies in North America? Think about this folks!
5. By Spring of 2008, your investment will easily be up 5-10 times what it is right now. And, I predict by 2009-2010, you will see this stock AT LEAST UP to where it was originally trading $34.00 per share.
6. People are asking this silly question: How can billions of shares that are available make this stock go up? THIS IS A PENNY STOCK FOR CRYING OUT LOUD! Billions of shares in a penny stock is so easy to buy up. For example, I can buy 200,000 shares right now for about $1,000. It doesn't take that many buying dollars to buy up billions of shares when the stock price is currently trading under a penny! How can this stock NOT go up? It's really, really, cheap to buy right now, which means each buyer is going to buy a lot of shares here.
7. And finally, the last reason why you will make money in this stock for 2008: The economy is not real good right now. When the value of our dollar decreases as it is doing today (just like it did in the 1970's) people invest their money in gold, because people believe that gold is safest during hard economic times. So remember, the trend is your friend.
HANG ON THROUGHOUT 2008 AND YOU WILL ALL BE RICH LIKE ME!!!
HAPPY NEW YEAR!!!!!
Sentiment : Strong Buy "
Interesting readsing.
AI
