Anyone new in the investment game who is investing into NOT has to see one thing happening here right now.. no matter how much downward pressure this stock has been under..its held its own. This is called the "support" level. This is the level that the stock sits at before it makes its next jump up. If you are not sure of this being a support level look at the charts for the last 2 weeks. We've been holding in the 3.50 to 4.00 range for the most part. Nothing spectacular up or down. This is the sign of fear on the shorts and MM and confidence with the longs (the holders that don't plan on seeling the stock but rather waiting for it to make its move up).
The bottom line from this post is that this stock is holding firm while waiting for news. Usually with no news the stock will drift downward steadily...meaning confidence is being lost or not enough investers are interested in buying or adding to their positions. As I said in an earlier post..this is the time to get in. I won't likely drop any significant amount..nor will it jump quickly until news comes. We're idling right now..but let me say we are idling smoothly with a lot of power to take off quickly when the NR comes. If you have doubts about playing the stock, don't, but if you are just waiting for the right time to get in..your looking at it. GLTA NOT investors.