There are about 10 offers in the screen at the nice round number of 90 cents...
GIR keeps rallying into this figure, time and time again, meeting that resistance, as some smart money begins to accumulate the stock....
Quarterly reports are due out by the end of the month, and this quarter will contain some terrific updates and information that will see those 10 offers taken out, and 90 cents completely smashed...
As I said, Bell Potter is now covering the stock, and one of their analysts is in the process of completing his research report on GIR...
So the sellers there are 90 cents is actually a good thing, as it is causing a ton of buying pressure to build up, which will send the stock smashing through $1.00
Can't wait....
GIR Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held