mjonesy1985 (88.36)

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Potential breakout above 0.49 in shares of GSX!

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February 22, 2011 – Comments (7) | RELATED TICKERS: GSX

GSX recently pulled back from a high of 0.63 cents....it has been stuck anywhere from 0.43 - 0.48...today is has broken above 0.48 and for now remained and holding 0.48.....1 million shares in the first few hours of trading...

One to watch here.

7 Comments – Post Your Own

#1) On February 22, 2011 at 5:48 PM, mjonesy1985 (88.36) wrote:

closed at 0.48........if its above 0.48,,,im happy.

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#2) On February 23, 2011 at 1:45 PM, mjonesy1985 (88.36) wrote:

2 mil shares today and still two hours left to trade......up 10% earlier in the session....trend looks to continue into earnings.

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#3) On March 02, 2011 at 12:48 PM, EnigmaDude (97.76) wrote:

I have real money riding on this one. Earnings report is today after market close. Stock is up in anticipation of a good report. Hope they don't disappoint!

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#4) On March 02, 2011 at 7:24 PM, mjonesy1985 (88.36) wrote:

i dont hold during earnings so I took profits.

Looks flat to a little to the downside after earnings....but with all oils stocks going up endlessly...the earnings might just get shrugged off.

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#5) On March 04, 2011 at 4:51 PM, mjonesy1985 (88.36) wrote:

enigma what are your thoughts post earnings? I decided to get back in today at 0.49.

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#6) On March 04, 2011 at 5:08 PM, EnigmaDude (97.76) wrote:

I sold my shares and got out. I think that eventually the stock will go up but I was hoping for a short-term pop and I don't see that happening. The earnings report was a bit disappointing:

"For the fourth quarter 2010, Gasco reported a net loss of $2.8 million, or $0.03 per share, as compared to net income of $0.443 million, or $0.00 per share, for the same period in 2009. Included in the fourth quarter 2010 results are derivative losses of $0.052 million attributed to hedge effect, of which a loss of $0.746 million is unrealized and a gain of $0.694 million is realized."

My other energy stock that is taking off is Lucas Energy (LEI). That one is up more than 100% in the past week!

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#7) On March 04, 2011 at 7:41 PM, mjonesy1985 (88.36) wrote: