GSHF

[vessvess]

I am in at 0.23 average, and sold half today just to ease the pain. Sure feels bad not to have sold at .37-.40.
Not much of a TA expert here, but could this be forming a handle on the 8 months long cup?

[fous]

Not much of a TA expert here, but could this be forming a handle on the 8 months long cup?

You may not be an expert, But i see the cup as you did

Im still holding my shares right now as well. I don't think this whole ethanol run is over. Most broke out big and are now consolidating. I think they still have at least one if not more healthy run left in em. I think there will be strong support at .242 which is the G-spot.

Im anticipating(hoping ) a cup and handle formation here that will break us above the heavy resistence at .40. Only time will tell.

I almost pulled the triger when it first hit .40. Woulda had a nice 100% profit. But woulda shoulda coulda  Pennies are just hard suckers to play.

Good luck to anyone still holding and thanks 3sof for bringing GSHF to my attention.

-fous

[la-onda]

Hi Fous, I am also still invested.
reason for the drop today:

VRDM: To Increase Authorized Shares to 500M from 250M
Thursday , April 27, 2006 14:00 ET

According to a proxy filing with the SEC today, holders of shares representing a majority of the voting power of Veridium Corporation (VRDM) have given their written consent to a resolution adopted by the Board of Directors of Veridium to amend the certificate of incorporation of the Company to increase the number of shares of authorized common stock from 250,000,000 shares to 500,000,000 shares.


tomorrow will be interesting, nice TA 

[dhiraj19]

So this effectively halves the GSHF ownership. I am also in this stock still.
- Dhiraj

[tokyopua]

So this effectively halves the GSHF ownership. I am also in this stock still.
- Dhiraj

I wonder if that really halves their ownership, there have to be things in the contract that preclude that from happening.  Also, if its a straight 50% dilution, VRDM should have dropped more than it did, but it was just down 10.16% compared to the 16% GSHF lost.

I dont have the time tonight to dig into it, but found this post on Yahoo MB, wonder if its true?

http://messages.yahoo.com/bbs?action=m&board=1600754342&tid=gnbt&mid=227388&sid=1600754342
----------------------
I think GSHF was the play they have
by: coppershirt88  04/27/06 05:47 pm
Msg: 227388 of 227491

protection from dilution. Cornell gets 44 mil and 75 mil I would bet GSHF gets the rest. 
-----------------------------------

I think if anyone can track down what these dillution numbers really mean to GSHF we would know if there was an over reaction, etc.  Certainly seems strange to me that VRDM had the biggest gains from their positive news vs. GSHF, but GSHF should get harder for negative news in VRDM.

[eliteG]

Not much of a TA expert here, but could this be forming a handle on the 8 months long cup?

You may not be an expert, But i see the cup as you did

Im still holding my shares right now as well. I don't think this whole ethanol run is over. Most broke out big and are now consolidating. I think they still have at least one if not more healthy run left in em. I think there will be strong support at .242 which is the G-spot.

Im anticipating(hoping ) a cup and handle formation here that will break us above the heavy resistence at .40. Only time will tell.

I almost pulled the triger when it first hit .40. Woulda had a nice 100% profit. But woulda shoulda coulda  Pennies are just hard suckers to play.

Good luck to anyone still holding and thanks 3sof for bringing GSHF to my attention.

-fous

You welcome Fous 

I agree that GSHF may very well cup but we do not know how long that could take or if it wont keep going down.

Time = money.. so we will keep an eye for when putting our time into GSHF will make us money again.  Goodluck to everyone.. and I am hoping it bounces back for you guys tomorrow. 

[Amarens]

You may not be an expert, But i see the cup as you did

I'm still holding my shares right now as well. I don't think this whole ethanol run is over. Most broke out big and are now consolidating. I think they still have at least one if not more healthy run left in em. I think there will be strong support at .242 which is the G-spot.

Im anticipating(hoping ) a cup and handle formation here that will break us above the heavy resistence at .40. Only time will tell.

I almost pulled the triger when it first hit .40. Woulda had a nice 100% profit. But woulda shoulda coulda  Pennies are just hard suckers to play.

Good luck to anyone still holding and thanks 3sof for bringing GSHF to my attention.

-fous

Hi Fous, La-onda,

I'm still in. Honestly b/c my broker does not allow me stops on pennies  . I like the stop system to assure profits. To be honoust it's brought me some great profits on pennies not being stopped out when 3SOF was  . Still that is not a plan  and it has also caused some pain on f.i. HYRF    All together I think it is really hard to plan pennies. The tiniest bit of news makes them move like crazy. Lots of times they need more time and wider safety stops. I most say I still don't feel like I have the answers to how to trade them well  .

Let's see which way GSHF moves today. I know I'll be watching it closely and get out if it moves down!

Amarens

[Maestro]

...my broker does not allow me stops on pennies  .

I am in the same situation; perhaps I should change broker.

Somebody, I believe G, said in another thread that not all brokers disallow stops on OTC stocks. Could somebody tell me what brokers do allow them?

For now, on Ameritrade, I am placing a limit sell order at $0.289 and I shall have to watch it when the market opens today.

[SmartWrasse]

This is a great pick by 3SoFire with a nice gain banked.  Thanks for bringing this one to us.  I would not be trading pennies without Elite G's lead and instructions.

Looks like the steady 5 day or so slide from .40 was a real sell signal and I agree with the stop.  My average price was .21, and I still have my small position.  I am hoping this is a solid reversal here.  volume looks good for first hour.

[Maestro]

Sold half of my position at $0.26 when it did not want to move up within the first 10 minutes. Now hoping to sell the remainder for 0.318, to average $0.289 (the earlier stop target)

Bought it on 11 April at $0.235

[tokyopua]

Cut my position here at .3 by about 33%, nice to have had this bounce. 

Again, I think that the VRDM dilution news caused this yesterday, but there must have been contractual agreements between GSHF that protects them from arbitrary dilution. Shareholders are not protected, but the companies themselves benefit long term from dilution.

And even VRDM is back up today in the green, so things are looking a bit better.

[netfishmademerich]

Looks like this one is coming back now.

I didn't sell it last night.  Was going to sell it this morning then decided to wait 30 min, after 30 min it looked like a rebound is in play so I held off.  If this can close over $0.33 then my position is golden.

[netfishmademerich]

just sold it... recovery looks like running out of steam.  I take what I can.  Have a great weekend guys.

[la-onda]

nice rebound today 

cheers
Oliver

[fous]

nice rebound today 

I sure enjoyed the rebound we viewed today
Im still holding all my shares in this one for now.

.25 has shown its presence as a strong support making a solid rebound from it today. Todays move was fairly significant with bull power as we had a bullish engulfing candle pattern close near the HOD and on above average volume and bouncing off of a strong support area.

Todays pattern also reinforces the chance of a cup and handle pattern to form here in the near future.  Next week will be interesting.

Nice job on limiting risk and taking some profits netfish, toky, and maestro Profits are always nice.

-fous