Replies to post #1718 on Grifco Inc (GFCI)

[stock_peeker]

Dr Bill, when you talk about shorting GFCI.pk, you are losing credibility. You cannot short pink sheet stocks.

[best2listen]

Dr. Bill,

Notice how the 100 day EMA is the lid on Grifco's share price?

http://stockcharts.com/def/servlet/SC.web?c=GFCI,uu[l,a]dacayyay[dd][pi!c100][vc60][iUb14!La12,26,.....

But there's been support several times at ~18¢-20¢. Judging from the chart, Grifco (or someone) is buying shares and supporting the price for now. If this were a typical pink, late in the con job, why support the price at all?

The support could be speculation and/or informed buying based on an impending pop. It wouldn't take much effort to arrange a pop to 32¢. I think it would take more than fluff PR to pop it much higher.

I agree that without any financial report from the company, you're 100% right about an eventual price collapse.

best2