GSPG.OB has changed its downtrend last month, volume was big during the bottom, since then, GSPG start rising, having a primary (ascending) support level near $0.075.
In the last 2 weeks, GSPG developed an Ascending Triangle pattern, the top of the formation is being tested today for the 4th time, and the base is a new short term ascending support near $0.088 right now.
Volume has increased yesterday, showing buying interests on this stock, today we may watch the triangle breakout.
The setup of this pattern is simple:
- A breakout (on close) of the $0.10 level would be a technical buy signal, giving a $0.146 short term target ($0.10 + pattern amplitude)
- A slow down, to values bellow $0.088 (on close), would be the signal of a potential correction to $0.075
- A stop should be used a little bellow $0.075
I'm following this setup has possible action plan on the penny world.
Best regards,
good one rams ;)
I didn't wait for the signal, because I was just looking for a new mining penny to add to my holdings, this one is just great. bought @ .10
tks !
What's cooking ?We are going to find out!
Support @ 0.05....0.04
Resistance @ 0.06...0.07...0.08
MACD is Bullish
Profile Get Profile for:
Goldspring Inc.
8585 E Hartford Drive
Suite 400
Scottsdale, AZ 85255
Phone: 480-505-4040
Web Site: http://
DETAILS
Index Membership: N/A
Sector: Basic Materials
Industry: Gold
Full Time Employees: 19
BUSINESS SUMMARY
GoldSpring, Inc. operates as a precious metals mining company, specializing in production of gold and other precious metals. It owns 21 gold placer mining claims, comprising approximately 850 acres in Lyon County,Nevada, known as Spring Valley and Gold Canyon. The Spring Valley gold placer property consists of 15 contiguous unpatented placer claims covering approximately 450 acres. Gold Canyon claim group consisting of 6 unpatented placer claims covering approximately 400 acres. The company also has an interest in the Big Mike copper ore project, which consists of 17 unpatented lode mining claims and 1 placer mining claim covering a total of 310 acres in Pershing County, Nevada. GoldSpring was founded by Steve Parent as Click and Call Company in 1999 to focus on software and technology applications for global e-commerce and later changed its name to StartCall.com, Inc. in 2000 to served as an application service provider offering real-time interaction technology as an out source service. StartCall.com was rename as Visator, Inc. in 2002 and further changed its name to GoldSpring, Inc. in 2003. GoldSpring is headquartered in Scottsdale, Arizona.
Hello,i'm new,and come from Italy!
What do you think of this chart,is it good or bad?
Because I think that its gonna bounce,or not?
(http://bigcharts.marketwatch.com/charts/big.chart?symb=GSPG&ma=4&maval=5%2C20%2C35&uf=16&lf=4&lf2=2&lf3=256&type=2&size=2&sid=1394404&style=320&time=7&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=4612&mocktick=1)
Quote from: Napoli on February 10, 2006, 02:50:35 PM
Hello,i'm new,and come from Italy!
What do you think of this chart,is it good or bad?
Because I think that its gonna bounce,or not?
(http://bigcharts.marketwatch.com/charts/big.chart?symb=GSPG&ma=4&maval=5%2C20%2C35&uf=16&lf=4&lf2=2&lf3=256&type=2&size=2&sid=1394404&style=320&time=7&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=4612&mocktick=1)
You've caught my interest on this one as a short term speculation. By the way, nice job on the opening night of the Olympics !!
Got in yesterday, this very well may run next week. Had a couple false starts and has crazy spreads at times. Bid/Ask inverted repeatedly.
Hope it pops!
Thanks guys for your help!
I'm still learning about reading charts,but with your support I can make it ;D
o.t.= Lets hope nothing wrong happend with the Olympics Games
GSPG came up on my scan this weekend. I wrote a scan in Stockcharts to search for stocks that have had a recent influx of volume but haven't run yet. These are the penny stocks that looked best:
AVDI, AVVW, CKEI, GSPG, JKRI, PSMTR, PXIT, WOLV
There's gotta be a 10-bagger in that list. Maybe GSPG. I really like the setup. Good luck longs, I will probably be joining you early tomorrow.
Bought 800.000 shares @0.02!!
I hope I didn't make a mistake!
Still looks good. Today is just not the day for its breakout. Check out my list posted yesterday. 3 of those stocks more than doubled today!!! $-) CKEI, JKRI, PXIT
Quote from: Lucas Scott on February 13, 2006, 01:47:16 PM
Still looks good. Today is just not the day for its breakout. Check out my list posted yesterday. 3 of those stocks more than doubled today!!! $-) CKEI, JKRI, PXIT
I see it!!
CKEI= open @0.027 now @0,052 :108%
JKRI= open @0.0038 now @0.0089 :147%
PXIT= open @0.01 now @0.02 :100%
Good calls!
What program do you use?
today close @0.02
(http://bigcharts.marketwatch.com/charts/big.chart?symb=gspg&ma=4&maval=5%2C20%2C35&uf=16&lf=4&lf2=2&lf3=256&type=2&size=2&sid=1394404&style=320&time=7&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=993&mocktick=1)
Today close @0.0192 - 4,00%
I'm still holding my position (800.000 @ 0.02)
(http://bigcharts.marketwatch.com/charts/big.chart?symb=gspg&compidx=aaaaa%3A0&ma=4&maval=5%2C20%2C35&uf=16&lf=4&lf2=2&lf3=256&type=4&size=2&state=15&sid=1394404&style=320&time=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1645&mocktick=1)
Today close @0.0235 +22,40% VOL:3.772.595 = INCREASING
The chart is looking better end better! ;D
(http://bigcharts.marketwatch.com/charts/big.chart?symb=gspg&compidx=aaaaa%3A0&ma=6&maval=5%2C20%2C35&uf=16&lf=4&lf2=2&lf3=256&type=4&size=3&state=15&sid=1394404&style=320&time=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1175&mocktick=1)
Sold at .0265 ;D
Why Boatguy?
Do you know someting?
Today close @0,0275 +4.17%
I still have my 800.000 shares @0.02
(http://bigcharts.marketwatch.com/charts/big.chart?symb=gspg&compidx=aaaaa%3A0&ma=6&maval=5%2C20%2C35&uf=8&lf=4&lf2=2&lf3=256&type=4&size=2&state=15&sid=1394404&style=340&time=4&freq=1&comp=NO%5FSYMBOL%5FCHOSEN&nosettings=1&rand=1462&mocktick=1)
Napoli,
I am selling because I am going on vacation and won't be around to follow the stock.
800,000 shares though!! WHEW, I don't know about that! Lots of money for a penny stock!
Good luck with your trade. :)
Thanks Boatguy!!
Have a good vacation!! ;D
GSPG, ;D
look at the volume today maybe something big is about to happen. volume has been increasing as of late. alot of money flow here also . :)
good trades,
handyman
stockster pick today, huge blocks trading
GSPG.OB Average Volume:
3days: 3134681 -59.2%
10d: 7691600 +0.7%
30d: 7639407 +52.4%
90d: 3633655 +37.3%
180d: 2279171
# of trades (50days): gspg : 64 62 56 84 252 163 300 113 106 116 162 82 82 96 31 47 84 191 420 144 178 214 181 260 170 258 183 45 86 84 53 118 83 168 168 312 91 91 27 67 184 67 28 40 40 51 96 96 88 33
I sold my 800.000 shares @0,022! Not good! :-[
Wow! Look at that volume!
doyerdiligence...what is that "stockster pick"? Target?
Jody
www.thestockster.com
They pump the crap out of a stock.
MBAY was their latest victim.
not sure what the target was, something crazy like .24
i sold end of day i had to take profits - wish everyone else good luck
Just gone green again on heavy volume.
uc.
WOLV : bought today @.37. Hey Lucas I hope this one will be that 10 bagger
They had some really good news to come out in Feburary and chart looks as though it's waiting for some more news that could possible begin the run out of the wedge it's being caught in.
Goodluck trading to all :)
Just copied this from their home site,it's just a matter of time
During the second quarter, the Company signed several new agreements including long-term agreements with a leading energy provider and a top leisure travel agency. The Company also saw expansion in its channel partner program, which boasts over 300 agents. New customers are primarily the result of its strong managed services offering.
"While the impact of Swift has been a challenge for our organization, the commitment of our management and employees has driven a 16% year over year increase in managed services revenue, a reduction in overhead expenses of approximately $150,000 a month and exceptional satisfaction ratings by our customers," said Walter M. Groteke, Chairman and Chief Executive Officer for NetWolves. Mr. Groteke further stated, "with the efficiency of our organizations and anticipated new customer growth, we believe that the company will be in a position to be cash flow positive in March of this year."
Quote from: Lucas Scott on February 12, 2006, 06:52:50 PM
GSPG came up on my scan this weekend. I wrote a scan in Stockcharts to search for stocks that have had a recent influx of volume but haven't run yet. These are the penny stocks that looked best:
AVDI, AVVW, CKEI, GSPG, JKRI, PSMTR, PXIT, WOLV
There's gotta be a 10-bagger in that list. Maybe GSPG. I really like the setup. Good luck longs, I will probably be joining you early tomorrow.
This stock gonna break soon! IMO
(http://www.myonlineimages.com/Members/Napoli/images/GSPG.bmp)
Moving in line with the pog. Volume is good, looking for a break out.
uc.
Possible double bottom forming here....
Good Volume early in the Day. :o
uc.
There are 3 threads on this one Set. This thing has had some life pumped back into it. Take a look at the volume in the last week. This reminds me of something Elite would have been all over.
uc.
Quote from: usedcasting on October 31, 2007, 10:19:28 AM
There are 3 threads on this one Set. This thing has had some life pumped back into it. Take a look at the volume in the last week. This reminds me of something Elite would have been all over.
uc.
Thanks UC, for the heads up ! ;)
Yes, EliteG would have been all over it...True to the fact cause volume don't lie !
Applaud your post ! ;D
"GSPG.OB" Threads have been Merged.
Please use the search before starting new threads on a Stock Pick.
Chances are a thread already exist.
So why not post whatever you have to comment about on that pick to that thread.
"Simplicity" My fellow traders. ;D
All history on a stock pick in 1 thread is awesome. ;)
Just trying to get threads together,so we don't have a numerous amount floating around on the same stock. :( ::)
Thank You....and good luck with all your trades....make some $$$ ;D ;)
Quick update of chart. Still has a long way to come back to year high at .012
uc.
Another good week. :o
uc.
Good eye keeping up on this one usedcasting..Have you got a position and making some green on it. Applaud you
Goodluck trading
Press Release Source: GoldSpring, Inc.
GoldSpring, Inc. Announces Additions to Its Comstock Lode Team
Tuesday November 6, 2:16 pm ET
GOLD HILL, Nev., Nov. 6 /PRNewswire-FirstCall/ -- GoldSpring, Inc. (OTC Bulletin Board: GSPG - News) announced today the appointment of Dwight Juras, PH.D in Geology, and Mike Norrad, Graduate of the Colorado School of Mines, to its consulting team to assist in the development of its project in the Comstock Lode district. Mr. Juras has over 30 years of diverse experience in structural ore control and geological surveying and mapping of vein systems. Mr. Norrad has more than 30 years of experience in developing engineering data base management, technical graphics, geostatistics, and numeric analysis software for the mining industry. For the last 24 years, Mike has served as President of Techbase International, Ltd., where he developed the widely-used Techbase software system for mining companies.
Company COO, James Golden, stated, "These two professionals are well known industry experts with established mining history in the Comstock Lode region. Their initial responsibilities will be to review the geological data developed by our team over the last several months, assist with our drilling program and to integrate the findings into our mine plan we have been developing during 2007. We continue to identify other professionals with specific skills to strengthen our team."
The Company spent most of 2007 analyzing geological data, developing geological mapping, planning developmental and exploration drilling and developing a comprehensive mine plan. These steps were taken to improve the Company's overall mining, milling and processing procedures. The Company anticipates the drilling program to commence in the short term, subject to its ability to raise adequate capital. Mining and milling activities should resume immediately following the completion of the mine plan, upon receipt of adequate financing.
GoldSpring, Inc. is a North American precious metals mining and milling company with an operating gold and silver mine in northern Nevada. The Company was formed in mid-2003 and acquired the Plum Mine property in November 2003. In the Company's relatively short history, it secured permits, built an infrastructure and brought the Plum project into production. During 2005, the Company acquired additional properties around the Plum project in northern Nevada, expanding its footprint and creating opportunities for exploration. GoldSpring is an emerging company, looking to build on its success through the acquisition of other mineral properties in North America with reserves and exploration potential that can be efficiently put into near-term production. The Company's objectives are to increase production, increase reserves through exploration and acquisitions, expand its footprint at the Plum mine, and maximize cash flow and return for its shareholders.
Hi Wrangler, yes I have a small position in this but not very big. I have never had much success with OB's so I won't go large. Good volume again today and still holding up even with the big drop in gold today.
Have a great day!
uc.
Quote from: usedcasting on November 12, 2007, 11:18:20 AM
Hi Wrangler, yes I have a small position in this but not very big. I have never had much success with OB's so I won't go large. Good volume again today and still holding up even with the big drop in gold today.
Have a great day!
uc.
I have learned also to never take a large position in pennys
Goodluck trading
Up up updating.
Have a great day!
uc.
Congrats
Another good week. Wow!
uc
Having to reach back a bit now.
uc.
She's on the move again.
uc.
usedcasting, Thanks for the update...Applaud ! ;)
GSPG...a volume alert
Although Gold price fluctuates daily ( in a high range), the underlying fundamentals, increasing demand, limited supply, fewer discoveries, long mine start up times, (years), etc. suggest that GSPG may have some significant upside - over time. The Gold in the ground argues against significant downside as long as it is managed well.
Looking at my chart at the top of this page, you can see this just became a 100 banger in less than a year. Should of been averaging down on this and I would be stinking rich. Instead I am still poor. :(
UC. :)
updated chart look...
GSPG - Volume Alert.......
GoldSpring, Inc. is a North American precious metals mining company, focused in Nevada, with extensive, 6000 acre contiguous land holding in the Comstock Gold-Silver District of Nevada.