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Originally Posted by Helix
Yes, the stock price is very cheap right now, and will go up eventually but when? I don't like to tie up my money on stocks like GTE. I like to turn my trades in a reasonable time period. Too many negatives for me.
GTE's stats:
MACD trend is down
RSI trend is down
Volume is down
it have been consistantly closing below the 5 and 20 SMA
and the PR is bad
You might be interested in this July 19th 2006 Motley Fool article about GTE. Seems these guys have a bit of history. |
I see your point. It's a risk with penny stocks.. And I can see why you would say it's a bad buy.. to be honest its a very highrisk stock. I wouldn't put my entire port into this stock but if you have some loose change laying around you never know.
I made some DECENT $ with CMKM back in the day Very high risk day trade but paid off a little bit