Replies to post #635 on Gasco Energy, Inc.(fka GSXN)

[dmlabuda]

Daily Chart Analysis - Good Day to BUY GSX (in my opinion). We now have a classic 1-2-3 bottom formation supported by nice trend continuation divergent buy signal on the Daily Price Chart (below). On the fundamental side the stock is trading right about at its Book Value of $0.24. I'm fairly confident that we will see a rally now to perhaps the $0.35 or $0.40 area before another price correction unfolds. At lease one Analyst has predicted a price target of $0.61 for this stock so that just adds to my suspicion that the profit ratio for this trade is at least 2:1. I like those odds in any low priced stock. http://finance.yahoo.com/q/ao?s=GSX+Analyst+Opinion - GSX - Daily Candlesticks