A new DNDN is emerging !!! ------ GNBT-----
GNBT's short-term uptrend remains intact as recent pullback was well supported above its 20-day SMA. On the daily chart, it appears that a based-building formation is in the making. I will only turn bearish when the major support of 0.33 is taken out. The major resistance is $0.44, which was the high on Wednesday. Keep watching this stock on Thursday because it could make a move up to the $0.55 range soon.
Wow gateway you started pumping pennies. What a loser!
Institutions have been buying shares of GNBT again in the last quarter
RENAISSANCE TECHNOLO 6/30/2010 994,108 New
BARCLAYS PLC 6/30/2010 541,317 New
DEUTSCHE BANK AG\ 6/30/2010 452,697 New
Special Shareholder meeting postoned until Oct 15.
Anybody think it could hit over $1 soon and avoid a reverse split??
It almost seems like they posponed the meeting to get more time...Like somthing big is about to happen...