i'm not gonna play crystal ball here, but I am thinking we might be getting some covering from the shorts here especially if something positive breaks about the deal arrangements and prospects of the BRY deal. I think a decent move in the green direction might trigger some COVERING by the shorties here and send us back towards the 30.00 mark. JMHO.....GLTA LONGS
Still has book value over 33.00 even without the deal of course..and a median target of 40.00. I know if the SEC uncovers illegal cooking tactics in accounting that the above assumptions are going to fizzle.....I believe that although they use "aggressive" hedging tactics I don't believe it will be found to be "illegal" so in time all will be forgiven and forgotten and these lows will be looked back upon as a true buying opportunity.