Replies to post #8989 on Grapefruit USA Inc (GPFT)

[madtig6]

I agree with kinlaw - I'm personally not buying yet


The .38 former support is now resist. If at the end of the day, we are still at .40 or above ( the higher the better) I will start phasing in some buys - in other words, I will average up

There is resist at .41 also, going back to previous support in September

[pkp544]

Kinlaw,

I agree...

Here is what I see right now. The past seems to repeat itself. Notice the trend. 2-4 days of large falls, followed by a slight rebound. Afterwards a slight stablization (recently with a downward trend). With no new news(or new pics), we may have a few good days over the next 1.5 months but the stock will continue downward. Eventually, speculation will drive this stock back up...IMO

DATE OPEN HIGH LOW CLOSE VOLUME
2010/01/14 0.44 0.45 0.36 0.37 8,437,250
2010/01/13 0.48 0.53 0.41 0.46 10,966,139
2010/01/12 0.62 0.66 0.50 0.60 6,302,423
 2010/01/11  0.74  0.74  0.70  0.72  1,023,654
 2010/01/08  0.73  0.74  0.72  0.73  1,141,421
 2010/01/07  0.75  0.75  0.72  0.73  459,146
 2010/01/06  0.74  0.77  0.71  0.73  1,244,203
 2010/01/05  0.72  0.76  0.71  0.74  615,529
 2010/01/04  0.76  0.76  0.72  0.74  965,192
 2010/01/01  0.73  0.73  0.73  0.73  1,151,809
 2009/12/31  0.73  0.76  0.72  0.73  1,151,809
 2009/12/30  0.75  0.79  0.72  0.75  1,120,122
 2009/12/29  0.75  0.77  0.72  0.75  1,176,051
 2009/12/28  0.77  0.80  0.75  0.77  974,563
 2009/12/25  0.74  0.77  0.74  0.77  575,191
 2009/12/24  0.74  0.80  0.73  0.77  575,191
 2009/12/23  0.81  0.81  0.70  0.76  2,787,474
 2009/12/22  0.85  0.87  0.74  0.78  3,278,998
 2009/12/21  0.92  1.07  0.85  0.87  6,247,504
 2009/12/18  0.69  0.94  0.61  0.89  14,018,375
2009/12/17 0.86 0.86 0.67 0.70 11,952,992
2009/12/16 0.94 0.95 0.85 0.88 2,822,710
2009/12/15 1.13 1.14 0.84 0.97 12,457,281
2009/12/14 1.17 1.20 1.15 1.15 1,650,841
 2009/12/11  1.20  1.20  1.15  1.18  1,451,815
 2009/12/10  1.19  1.20  1.13  1.19  4,439,776
 2009/12/09  1.21  1.32  1.21  1.22  2,351,956
 2009/12/08  1.20  1.22  1.12  1.20  2,538,560
 2009/12/07  1.25  1.25  1.15  1.21  2,631,995
 2009/12/04  1.23  1.29  1.21  1.25  1,752,826
 2009/12/03  1.16  1.29  1.15  1.20  3,230,657
2009/12/02 1.37 1.37 1.07 1.15 8,036,742
2009/12/1 1.55 1.55 1.35 1.35 3,364,667
 2009/11/30  1.47  1.58  1.47  1.55  5,781,107
 2009/11/27  1.30  1.45  1.29  1.45  1,647,077
 2009/11/26  1.29  1.30  1.29  1.30  1,914,683
 2009/11/25  1.29  1.33  1.24  1.30  1,914,683
 2009/11/24  1.18  1.30  1.17  1.24  2,329,855
2009/11/23 1.45 1.47 1.17 1.17 4,964,035
 2009/11/20  1.10  1.43  1.09  1.39  6,167,965
 2009/11/19 1.21 1.22 0.96 1.09 10,980,419
2009/11/18 1.45 1.45 1.21 1.21 6,047,372
2009/11/17 1.64 1.66 1.40 1.49 7,276,146

[dan1drew2]

I have to interject. Please understand that this is a speculative stock at this point. You invest on future prospect not past performance. The future price of IMGG will be determined after FDA approval not before. You don't read the charts on IMGG the same way you would read a chart of an APPL, IBM, etc. No one on this board can justify the run-up to $1.95 or the pull-back to where we are, the only explanation is other emotional trading == speculation. There is no support level either way. It's a matter of opinion where the price would reflect its true value. You know the saying " shit or get off the pot " - if you ain't gonna buy it at 35 cents than you really don't have positive conviction in this company's product. "If you can't run with the Big Dogs Stay on The Porch. See ya in the Winner Circle.

[dan1drew2]

Kin - you said if IMGG closes above .38 today it would surprise you. When it does hopefully what's your next move? My point is like I posted about a BB stock. Chart analysis is not the way to invest on BB securities - at least for me. See ya .........