Twofer Tuesday! GGII and CNEX
Hola cucarachas!
On this beautiful sunny Tuesday I bring you 2 roachy morsels. Count them with me, uno, dos!
GGII ( Green Globe international ) seems as if it has possibly found a bottom here in the high double zero ranges. It has been under accumulation for a few trading sessions and the RSI along with the Money Flow Index seems to be turning around at these levels.
Support comes in at .007 and resistance comes in at .0083. In my opinion if GGII can break the resistance level it can see a retracement back to the .015-.02 ranges. If it can get some good momo going it can possibly even make a run for the 50DMA of .05. So set this oversold piece of poo on your watchlists.
Now onto the next POS.
CNEX ( Cannon Exploration ) This one is an old buddy of ours. It netted us over 200% the last time we alerted this bag of poo disguised as gold. Support comes in at .0015 and resistance comes in at .0025. Now I cannot promise you that it’ll run like it did the last time because I suspect that the company dumped a whole lotta shares into the float during the last pop job, but it doesn’t mean that we can’t net a nice roachy gain. If you decide to play CNEX, try to buy as close to the support level as possible.
Don’t go buying shares at open like you’re on death row and it’s going to be the last stock you’ll ever trade before going to the big ole stock market in the sky. Wait for a pullback, there should be one.
As always, take your gains if you have them and set that mental stop loss in case shit hits the fan.
This is your Senorita saying later gators!
Disclosure: These corporate profiles are provided for information purposes only and should not be used as the basis for any investment decision. We are neither licensed nor qualified to provide investment advice. We were not paid, nor do we hold a position in these stocks. We reserve the right to buy or sell GGII and CNEX at any time after this post.
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cnex is bound for big glory. if you buy now, and can hold on to it, the profits could be enorous. buy and wait. it will be worth it.
CNEX bidstack 3X1. Bid 26 and ask 27.
GGII 3X2. Bid 77 and ask 8
Cnex looking thin.
CNEX looks thin all the way to a penny guys.
GGII is thin too.
Here’s the pullback.
at one time gammon gold looked thin also. but i held on to it and am glad i did. was the best move i ever made.
2xJ I meant it’s thin on the ASK side. The last time we played CNEX it did the same thing. Traded sideways for a day and then BAM over a penny. If traders can eat through the 35s, we’re looking at fool’s gold again imo.
GGII shakeout. A lot of times when a stock drops that fast it recovers or bounces. Hang in there roaches. Someone wanted to cover imo.
Damn… Too bad I didn’t buy at the new low. I got in at .81 ahh
Do you still see GRII bouncing back up?
Chris I personally do. Let me show you the current L2 screenshot. It’s thin both ways and the low volume takedown and the way it tanked within mere seconds gives me the idea that it was not dilution but I do think it’s shorts hedging and trying to cause a panic. All my opinion of course. This is why I tell everyone to set a mental stop loss, you can always buy back in at a lower PPS.
http://img834.imageshack.us/img834/571/ggii.jpg
Yes I do agree with you. Hopefully we see something soon from this pick. By the way good call on GCKO, I was going to get in on it, but I missed it. I wanted to wait until the next day but by that time it already took off.
i misunderstood you about cnex looking thin. my other stock did the same thing. up and down, but with more ups than downs. it was like 2 steps forward and 1.5 steps back., but it kept on climbing, slowly but surely. i held on to 500,000 shares until it reached 6.62 per share and then sold it. it took time but holding on to it sure paid off.
it went even higher than that,but i did’nt want to take the chance. maybe i shopuld have ?