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Worden Discussion Forum » General Discussions » Stock and Market Talk » GNTA charts not too good but close too a bottom maybe

GNTA charts not too good but close too a bottom maybe Rate this Topic:
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raymond2168
Posted : Thursday, March 23, 2006 12:47:06 AM
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Joined: 12/31/2004
Posts: 382
 any thoughts on GNTA I think GNTA will bounce
off 2 dollards or this a litte bit below.
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HaveNoCents
Posted : Thursday, March 23, 2006 8:07:06 AM
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Joined: 12/8/2004
Posts: 1,301
 I think you have to wait for the momentum investors to get out of the stock to truly find out where this stock is going.

If you're a day trader, you have to watch the chart of the stock at 1 min, 5 min, 10 min and hourly intervals to get a feel for what the stock is doing. To enter this stock in the first hour of trading is probably financial suicide at worst, and pure gambling at best.

It will be interesting to see what the volume does today. It has increased substantially 8 days in a row. I bet yesterday was probably a climax in volume and we will see a steady move down to a normal level.

This would have been a fun stock if you got in early. It is not a fun stock if you got in late. There was a heck of a lot of money lost yesterday by a lot of people.
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S2
Posted : Thursday, March 23, 2006 10:32:50 AM
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Joined: 4/6/2005
Posts: 239
 I think HaveNoCents was refering to GNBT not GNTA in the previous post
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HaveNoCents
Posted : Thursday, March 23, 2006 10:48:12 AM
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Joined: 12/8/2004
Posts: 1,301
 LOL, yes I was.
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HaveNoCents
Posted : Thursday, March 23, 2006 10:53:30 AM
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Joined: 12/8/2004
Posts: 1,301
 I don't know what to think of GNTA. It looks like it is starting wave 5 up but it doesn't look like it has much power.
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phamjp
Posted : Thursday, March 23, 2006 2:31:55 PM
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Joined: 12/14/2005
Posts: 9
 I think it will come down further and bounce off the 200 DMA (below $2). I don't think that is the bottom though. Have to watch it from there when it happens.
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