Tuesday, May 5, 2009

GERS BOT

GERS took a nice run today on humongous volume and our technical bot now has GERS at a 4 star "buy". With resistance listed well over a Penny we have a ways to go before we see any technical push back.
Resistance1: 0.0131 Resistance2: 0.0200
http://www.allotcbb.com/quote.php?symbol=GERS.OB

Is this the start of a "technical rally" that will come to a halt when the day traders cash in on any move up? Or is this little move that started during the last minutes of Monday, and expanded today - based on some "good news" about to be released??

The SkunK is clueless. However, it will not stop me from speculating. If tomorrow is another double digit gain with volume, I may be in the mood to take a guess or two.

Also note the share volume is out for April.
128,978,647 shares traded hands.

After a long decline, Knight Equity Markets, L.P. is back in first place with 60% of the market and 77,849,562 shares traded for the month.

Aegis Capital Corp came out of nowhere and traded its first shares of GERS - to the tune of second place and +18M shares.
http://www.otcbb.com/asp/tradeact_mv.asp?SearchBy=issue&Issue=GERS&SortBy=volume&Month=4-1-2009&IMAGE1.x=26&IMAGE1.y=6

SkunK

PS - Perspective
Like a small wedding, it all Relative(s)
One thing we should remember, when your treading water in high seas, a leaking intertube floating by will seem like the Queen Mary. A lot of bad news has already b een worked into this stock price. . . .

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