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Saturday, January 08, 2011 11:34:53 AM
IMO, shorts can only thrive in an environment that is conducive to their behavior. It seems there is somewhat of an information vaccuum surrounding GRNO right now with regards to their financial health, as we are waiting on the appointment of a new auditor, financials to be filed, etc. IMO, that is exactly why the share price is stuck on the bottom, whether it be the result of shorts or simply a lack of strong buying interest is irrelevant IMO. Shorts can only succeed in the right environment, and once that environment is changed and buying pressure resumes shorts will get squeezed out.
Everything I have read about GRNO, along with my own fundamental & technical analysis suggests that the company is extremely undervalued at current prices and that it will rise over time from here. In fact if I'm reading the chart correctly we should be putting in a bottom here but will need to see confirmation in the next few days by way of price action.
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