Whenever a SP goes above their IPO listing (20 cents here) having collapsed to 9 cents just a few months after their listing, there is always an attitude of " Well GNX was a disaster lets leave an ice cold offer (over 600,ooo shares in this case) so at least we can break even which would be a result!"
Invariably once these large sellers are taken out the SP has no obvious resistance leaving many questionong their trading skills.
Not only have we perfectly seen this with GNX but it now has the added bonus of the most prestigious Stock broker (JP MORGAN) yesterday issueing a buy recommendation.
It's so under the radar this stock is going places.
GNX Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
