InvestorsHub Logo
Followers 21
Posts 1596
Boards Moderated 1
Alias Born 09/16/2008

Re: YoungShark post# 587

Monday, 04/11/2011 3:30:54 PM

Monday, April 11, 2011 3:30:54 PM

Post# of 606
According to L2, it appears multiple investors want in at $4.00 and are lined up at the door to be in before the news of the Activision settlement is published. The bid is building. My guess is class members who long forgot about GNPR have sold their shares as soon as it hit their accounts over the past few weeks (I estimate ~ 12,000 shares of weak hands have been traded over the past few weeks). I see this as a buying opportunity. Those with weak hands have undoubtedly sold, and once weak resistance of $6.24 breaks and becomes the new support level, the next resistance is $9.50 will break and become the next support level. After that, the next resistance is $34.50. Hang on, because we could quickly climb to new levels!