3SOF

Calven,

I'll also definitely buy GNBT if it goes down @ 2.20.... but the support here is @ 2.32 if it GNBT close below 2.32 i'll forget this stock & cut the loss.

*** Tomorrow the support will stand @ $2.32 (Weekly Solid Line)

Goodluck!!

FIB retracement level around 2.20

Indication of capitulation selling...

Quote from: Ramsburg on April 03, 2006, 12:59:54 PM
Hi Calven and la-onda,

I will give you my input

First of all, I truly believe that GNBT will hit new highs this year, I may be wrong, but I think the Bird Flu hype is not over yet.

I was monitoring GNBT since the first big red candle in order to plan an entry... My first option was the first support (not solid enough), now it's broken, and I'm pointing to $2.15/$2.25 level to stop this blood shed.

Another good way to look at this, is by comparing GNBT now with NVAX in November 2005, but taking in consideration the flu hype is now on a different stage (that would speed up the following development).

In attach two charts: GNBT and NVAX (highlighting the November sell off).

Best regards and keep up your excellent work on our boards (both of you) !!! 

I believe with Ramsburg, I also think GNBT will make new highs again & beat that 5.02 that happens  couple weeks ago... (time will tell)

A lot of buyers around 3.70 area & it needs to break that first..
I think GNBT will trade in wipsaw here or will create an Ascending Triangle before breaking the latest high @ 5.02 just like what happened to NVAX & GIGM, but GIGM is a different story also formed diferent pattern before finally breaking the 4.83 resistance (GIGM formed a Decending Wedge on the weekly chart).

Goodluck!!

Charts: GNBT, NVAX & GIGM

GIGM charts:

Nice thread, good analysis, I am also stongly considering entry tomorrow, just not sure exactly where yet. 

This is much like the NVAX story was, stock got overheated, then profit taking happened, then a negative article came out from Motley fool that made it break the next support levels, etc.  NVAX had peaked at 6.01 and then dipped to about 2.83 at its extreme, so over 50% of its high, GNBT had a high of 5.02, now at 2.41, same thing in essence happening here that happened when NVAX last went parabolic then dropped, same profit taking then negative article, etc. its like the perfect storm. 

I sold most my NVAX for profit at 4.73 then, but held on to a smaller lot of shares that I sold around $3, so if I buy GNBT I am hoping to erase that mistake lol by gaining from the perspective I didnt have back then (i.e. I thought the stock could drop to $2.5 but instead it soon rebounded eventually hitting $8!).

Good luck to all!

Disclaimer: This pick will assume a higher risk than our regular standards.

GNBT is already known by most of our community, its one of the hottest bird flu plays, had a huge rally recently and is now on a strong correction stage.
Our play here is doing a very unorthodox thing in Technical Analysis, since there is a famous quote:
«Never try to catch a falling Knife»

Our main reasons for this entry:
1) We believe the bird flu hype is not over yet, and therefore, a stock like GNBT has upside potential.
2) Bird flu is (unfortunately) quickly spreading all around the world, and this should continue to get visibility and demand to this related stocks.
3) The level $2.15/$2.25 is an expected support when analysing the correction targets probability.
4) Volume behaviour and momentum should provide another sell off on GNBT tomorrow, giving us the possibility to have an entry on what we think is a good support level.
5) GNBT is almost reaching the ema-50.

There's also an interesting thread on the «Stock Picking» board, where I have posted my opinion a few days ago, along with many other opinions from our members.

This is a High Risk play, so we have to state a very strict plan:
We will buy GNBT tomorrow @ $2.20, with a limit buy order. Immediately after we buy, we'll set up a stop @ $1.85, accepting 16% risk on this trade.

In case our buy order don't get filled, we'll give further instructions in the next days, otherwise it means the order is good till cancelled.

Best regards !

Bought back in,25,000 @ an average 2.35. I also think we will see new highs this year.

Vice President of Generex (NasdaqSC:GNBT - News) and President of Antigen Express, Dr. Eric Vonhofe, expressed great confidence in their product, explaining that," Last fall, the government paid about $100 million for an egg-based vaccine, but that will probably be enough for only about 3 million people. In contrast, our vaccine which is synthetic can be made on a 100 kg scale quickly, efficiently and at a relatively inexpensive rate."

Gnbt is all over the map today.I just have a feeling that it will not see 2.25 .

It looks like we have missed it... 

that was a pretty fierce rebound, with volume.  It does not look like it's going to reverse to the target entry point.  But the day is not over, so we'll see.

It was a great plan by Ramsburg  .. missed by 7 cents  .. he may still want to pick it up.. lets see what he decides 

I think its worth waiting out through the day, and maybe even into a few days from now.  I recall NVAX trading up for the first hour in the morning when it was droping like GNBT has been now (back in November last year), always giving false hope, then droping the rest of the day.  And if the market drops some in the next few days, GNBT can still see $2.20.  Though if Ramsburg said to buy now anyway I would still consider that 

Strong bounce do we have here. I bought @ 2.59. Maybe a little high but I have confidence in the coming weeks. Good luck to all!

personally I bought both GNBT this morning and NVEX yesterday.  I am using the 50 EMA in both cases.  I believe both stocks will do great in the coming weeks.

Quote from: DannyOhad on April 05, 2006, 09:56:13 AM
It looks like we have missed it...

yep 

But we are not going to change the plan... This is a very risk play, and we are a lot of people, so we are not chasing the price our price or no price 

The market is here everyday  If we missed GNBT, I'm sure a lot of other plays we'll be found sooner or later