The one I am watching Monday and Why

[Weirdharold]

GSPI at this time appears to be a really good possibility for a bottom play. Don't know why my color washed out on this composite I pieced together... so here is a link to it in my Stockcharts acct. Annotated GSPI Chart hard to tell this is a link.


The chart above and the linked one is a 3 year chart. The RSI is 21.21 right where the light blue and purple lines intersect to the far right. As you look across the chart at where the light blue and purple lines intersect you will notice they are all very close to the RSI being 21.21 and historically have had a bounce at this point. The light Green line are where there has been a reversal with a nice gain that is held for a nice period.... Now if you go down to the bottom of the chart you will find the DMI errr or ADX and you will notice that are three lines that comprise it... I have marked the +D line at close to 10.17 Friday's close with a thin purple line and if you will look back across the chart you will notice that, with really one exception, history shows a bounce there marked by the light blue lines which are also showing the RSI close to the 21.21... on the exception the RSI only reached around 30... Now if you will look at the light green lines which mark the beginning of a sustained up trend you will notice that the +D(green line in the ADX) and the -D(Red in the ADX) are both very close to intersecting the purple line where as with the light blue lines the there is a good bit of separation between the +D and the -D. This makes me think that this stock is ready for a bounce, but not ready to reverse trend yet.

GSPI closed at .0350 Volume was 500,000 +

Authorized Shares 400,000,000 as of Jun 30, 2007

Outstanding Shares 357,270,734 as of Jun 30, 2007

Float 247,144,250 as of Jun 30, 2007

Green Star Products manufactures and distributes biodiesel reactors and is testing the ability to find the useful substructure of Algae farm to use algae for the product from which to produce biodiesel. Friday they closed very near their 52 week low.


Other stocks I will have L2's up for are:

1. TVIN -- TVI Corp (NASDAQ)
2. TES -- American Telecom Services (AMEX)
3. SNWP -- Satellite Newspaper Corp (NASDAQ)

As always these are for informational purposes.... not a recommendation... YOU are responsible for your own decision making.

[Evil-Eye]

Before my deployment to Pennsytuckey I thought I would throw my two cents in. I have no opinion on this one. I have given up on the penny pennies as you well know WH. I did read about this on another web site that was promoting (not pumping) this. This was the video I saw from them.

http://video.google.com/videoplay?do...arch&plindex=4
Their web site.
http://www.greenstarusa.com/

They have some interesting stuff. I had OTD for a while. It went down instead of up so I sold it. I will watch this but I am to the max on my trading money for Pennies.
I just got my clearance to cross the border into the Commonwealth so I need to get going. GLTA

I am in and watching GBT. That has been a good trading stock for me lately. It has been giving reliable signals. Hammers and double bottoms are good buy signals with this one.

[Weirdharold]

WEll thanks for shaking me all up on this one Evil.... "I did read about this on another web site that was promoting (not pumping) this." Boy I just hate it when I find a stock in my scans and later find some web site is "promoting" it, but needless to say I am still gonna go with the chart.... Guess I will cause it to break from is historical trend... but just gonna have to go with it.

After looking over their website I am going to have to dig deeper into them.... I like the "talk" and if there is any possibility they can walk the "walk" I may have to consider them for more than a bottom play... Crap, now I guess I will have to dig into University studies and see what they feel is possible and what the negative factors are. Now if they could combine their algae that will be used to make the Biodiesel with the type that is used to make Hydrogen used for fuel cells and the like.... now wouldn't that be cool.

Hey, just watch out for submarines :D....... and keep me posted.:cool: