Pretty bullish indeed. I bought 3300 shares at $4.04 and will put in some more tomorrow depending how it goes. I still think this stock ultimately tanks with the overall market but I'll play this head fake a little.
It will snap back strong. The capituation at the end is retail sales flipping out and selling.
Management here is reasonable and honest. Value is there.
Market right now is crazy, but it's not GMX, it's Nat Gas. Big hedge fund trades all around.
nice Rusty. No the hammer pattern.
The Bullish Hammer Pattern is a significant candlestick that occurs at the bottom of a trend or during a downtrend and it is called a hammer since it is hammering out a bottom. The Bullish Hammer Pattern is a single candlestick pattern and it has a strong similarity to the Bullish Dragonfly Doji Pattern. In the case of Bullish Dragonfly Doji Pattern, the opening and closing prices are identical whereas the Bullish Hammer Pattern has a small real body at the upper end of the trading range.
GMXR, SD, etc need to have their trading investigated to verify how much of this low volume (especially for GMXR most days) step down that can be accomplished very methodically by short hedge funds without committing much capital. They seem convinced they can take GMXR to zero which is certainly within reason now that it costs them that much less in capital for ecah step they take the price down. They are getting their way but no one is doing anything about it, whether justified or not.