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Granite Construction Incorporated Message Board

  • ciaxgbby ciaxgbby Oct 17, 2012 1:28 PM Flag

    Breakout

    Looks like GVA is going to break the resistance of 30.74. 85% chance up at foxchart website.

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    • kblab2@sbcglobal.net kblab2 Oct 18, 2012 12:30 PM Flag

      GVA is controlled and owned by the WALL STREET SHYSTER HEDGE FUNDS.They support the stock price by daily wash trading. Trades are performed by preset computer programs which have little connection, if any, to the reality of the horrific market conditions that exist is the construction market place.

      GVA is grossly over priced and the most likely breakout is to the down side-- not the upside. Fundamentals always win out over hype-- and profits are the life blood of any company.Despite the $29 price the out look for GVA is grim to terrible-- moreover, there is no foreseeable light at the end of the profit tunnel.

      In summary for the past 3-4 years we have made consistent profits shorting this company-- we don't fight the market, and recognize crazy wash trading by computer programs can change short term pricesbut over the mid to long term we conclude that GVA is priced at least 2-3 times it's reasonable value.

 
GVA
35.16-0.38(-1.07%)Jul 23 4:02 PMEDT

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