From a technical point of view. The Relative Strength index was highly overbought, it was well above the bollinger bands, it gapped, it's climbed very steep lately, and let's not forget it's still a speculative stock in the $5 zone. I've held for a long time and sold out today for all those reasons and the fact that the global economy is rather volatile. Need to lock in the profits at some point. Having said that, I think it will pull back and start it's next leg up. Combine that with all the news from Asia and potential new big signings, and assuming the next quarter report will show profits and continued customer retention, this thing has the potential to go into the double digits. And I hope, that for all the current holders it does.
GLTA.
1PG Price at posting:
$4.52 Sentiment: None Disclosure: Not Held
