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I am curious as to why this stock is going down. I am new to this board and after doing research on this company, it looks to be a good company. What is everyones thoughts on this stock? Their next quarter should be a good one reported next month. Nothing but positive news from them this year. By the way, I do have a position in Gtec.
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I have been watching and trading with GTEC for quite a while. Here is my take on the company and the stock.
Out of all the small cap (pennies) I play, GTEC is one of the companies I believe has great potential for short and long plays.
I believe the reason this little gem (GTEC) is down, is the same reason most of these pennies are down, speculatives get crushed in this type of market. Also GTEC has been in between reporting financials and has had very low volume.
When GTEC financials are reported in August, it is very possible for the company to have its second straight profitable quarter in a row. That may be huge for the company.
Look at the chart in March 06 when GTEC announced and released its financials with first time profitablility. The stock ran to .37 and August is coming up fast!
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Well I am in this stock for about .19. It has dropped to .13. Should I buy more? What has to happen to get this stock above .19? Anyone? Bradshaw?
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Dakota388, Looking at GTEC chart after its last two announcements this year, .37 and .39 are highs. August announcements could bring simlilar results. Based solely on the chart, looks like as long as you are in under .25, potential is there for good moves.
The company has been quite, as they generally have been the past several years during June and July, vacation time you know! The stock is creeping up this week, maybe in anticipation of August announcements, at .14 - .16 last two days.
I don't like to give buying and selling advice, so I won't go there. All I will say is based on the history of the company and stock, August should bring some news and financials, this will help to stock.
I will post any news I hear on GTEC.OB , I expect to be hearing something soon.
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