Great Wall Builders (fka GWBU)

[dude iligence]

"Charts are an awesome tool on Dow and Nas stocks and even some Pennies but when we are in a Promo Play they have no bearing IMO. It is momentum that takes over and that is what dictates the pps and not what a chart trend may show. This is exactly the kind of Posts I saw on SNP% and other promos mid way thru."

Garyst Member Profile Garyst Member Level

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Thursday, May 17, 2012 1:17:50 AM
Re: dude iligence post# 3549
Post # of 5042
dude iligence, SNP$ did NOT drop to .28 the second week of its promo. Look at the chart. Not even close. That is misleading information.

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Garyst may I direct your attention to the SNPK chart. On the 4th day of the run/APS promo SNPK ran to .72 On the 7th day it dropped to .28 below the opening price of the first day at .30. "Not even close. That is misleading information.

How much closer to .28 can you get than .28. I chose the easy to read price labeled chart for the TA challenged. Could it be Garyst that you don't want to read the chart because it sees thru all the bullshzz yours included?



http://stockcharts.com/h-sc/ui?s=SNPK&p=D&yr=0&mn=3&dy=0&id=p31699426703



More recently if you had been watching SNPK charts after the APS announcement of GWBU you would have been able to get in at .072 since then, the 6th SNPK bounce has out performed GWBU. GWBU will be a good bounce play as well if you can read a chart,have level II, live intra-day charts and know how to read them

Using the chart to compare SNPK with GWBU on the 4th day SNPK peaked at .72. GWBU peaked on the 4th day of the APS promo as well. But one very important difference is the current GWBU high is not 4 days after the start of the run but 13 days into the run which started at .40

http://stockcharts.com/h-sc/ui?s=GWBU&p=D&yr=0&mn=3&dy=0&id=p85545060690

If GWBU pulls back during the second week like SNPK did. It will pull back this week. If it pulls back to where the run started (not the APS promo) it will pull back to .40 the 50ma is at .44 and the 200ma is at .14. It is not uncommon for stocks of all kinds to retest the 50ma prior to moving higher in a bullish run. In fact it is a very healthly and balanced thing to see happen. Over looking this possibility is naive to say the least. Is it likely at this point IMO no. If GQBU pulled back hard it would go first test 3 levels

1 Gap
2 $1
3 support at .60-.70
4 intra day low approx .58

A trader experienced or Salad days is far better off armed with this knowledge going into the coming week

In other news GWBU has some sort of promise of 8mil pounds of revenue in the coming year. We'll all be long gone by then and Janice can sort that out in the coming months.
Market Cap $500+mil on the above that in itself is amazing.

Just curious about one thing Gryst? How did you know to sell SNPK at $2.3 just prior to the top of $2.39 without a chart?