Gspi-Green Star Products- Penny Stock-Alternative Fuels

[greencat]

GSPI could be ironing out a bottom here. I have it on watch..
141 million free traiding shares

200 million restricted shares

[Guthrie]

Picked up a few shares in the hope that it will hold the 5day and bounce off it. Will keep the sell button handy though.

[Evil-Eye]

"This surge in "microalgae-oil-to-biodiesel" interest is accredited to two media events.

As of May 1, 2007, Continental Airlines has been showing a two-minute documentary-type news video on all of its flights over three hours around the world."

"Also aired during May 2007 was a 15-minute interview with Joseph LaStella. This interview is not a promotional interview as it outlines the time scope of the future of biodiesel production from algae."


http://biz.yahoo.com/bw/070529/20070529005949.html?.v=1

[missionsman1]

Still keeping an eye on this one.

[Guthrie]

Originally Posted by missionsman1

Still keeping an eye on this one.

Yep, I'm thinking a turn around is coming based on the RSI. It went into oversold and from the 2 previous times it's down that in the downtrend there's been a nice 100% recovery. So I'll be picking up a few shares today to see how it goes.
Weirdharold had a good post on the chart but he started a separate thread for it...tisk tisk.

[Guthrie]

Might be seeing a bounce soon. We're hitting previous lows so I'm hoping those will provide support.
1x .035 (NITE) on bid
4x .036 (ETRD, DOMS, UBSS, SBSH) on ask

[Obiwan]

I've made money on this one in the past few days. Thanks "Cat". :D

[MarketMoFO]

I owned this one once and got out (thankfully) because I stuck to my stop. But I have continued to follow it, and of course I wish I had bought at the recent low. If it can get up to, and then hold above the next resistance level (.062 or so) then I might take another nibble.

GSPI certainly looks more believable than many of the other alternative power plays.

[mdh100]

This one came up on my scan today. It broke the 200 day ma on Friday. Very good volume. News out on Thursday morning:

Green Star Products Announced the Appointment of Chief Financial Officer
9:30a ET July 10, 2008 (Business Wire)

Green Star Products, Inc. (OTC:GSPI) today announced the appointment of Mr. Thomas Gruenwald to his position of Chief Financial Officer (CFO).

Mr. Gruenwald has a broad financial background with over twenty-five years of experience in banking and financing. He was CFO for two major financial institutions and a Manager for the Asset Management Division of the Resolution Trust Corporation. In addition, he has been a CFO for a real estate development company, with multiple financial projects worth over $100 million.

Mr. Gruenwald has been working on a consulting basis for Green Star for over one year. During the past year, Mr. Gruenwald's projects for Green Star included setting up a reporting system to facilitate the acquisition of data for systematic reporting of GSPI financials. Mr. Gruenwald has worked closely with outside auditors to complete the 2005 and 2006 GSPI certified financials soon to be published. He has also completed in-house 2007 financials that are in the process of certification and plans to publish quarterly financials by the year end.

During the past year, Mr. Gruenwald's duties have also included financial models for a variety of Green Star domestic and international projects including contract negotiations and several DOE and USDA grants project proposals.

Green Star is proud of working with Mr. Gruenwald who, being such a distinguished and hard-working person, adds a valuable human resource asset to the company.

The appointment of Mr. Gruenwald to the position of CFO is the first of many management steps as stated in our June 26, 2008 GSPI press release titled "Green Star Products Acquiring Talented Industry Executives" and will soon announce the appointments of VP Field Engineering and VP International Projects.

Green Star also suggests everyone to visit the new JosephLaStella.com website.

Green Star Products, Inc. (OTC:GSPI) is an environmentally friendly company dedicated to creating innovative cost-effective products to improve the quality of life and clean up the environment. Green Star Products and its Consortium are involved in the production of green sustainable goods including renewable resources like algae biodiesel and clean-burning biofuels, cellulosic ethanol and other products, as well as lubricants, additives and devices that reduce emissions and improve fuel economy in vehicles, machinery and power plants. For more information, see Green Star Products' Web site at Green Star Products, Inc., or call Investor Relations at 619-864-4010, or fax 619-789-4743, or email info@GreenStarUSA.com. Information about trading prices and volume can be obtained at several Internet sites, including Pink Sheets | Electronic OTC Markets - Quotation, Trading Systems, Bloomberg.com and BigCharts: Stock Charts, Screeners, Interactive Charting and Research Tools under the ticker symbol "GSPI".

Forward-looking statements in the release are made pursuant to the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. Investors are cautioned that such forward-looking statements involve risks and uncertainties, including without limitation, continued acceptance of the company's products, increased levels of competition for the company, new products and technological changes, the company's dependence on third-party suppliers, and other risks detailed from time to time in the company's periodic filings with the Securities and Exchange Commission.

SOURCE: Green Star Products, Inc.

This is going on my watchlist for tomorrow. Will be interesting to see if it can hold the 200 day ma and retain the volume it had on thursday and friday. Definately worth a look.