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Gencor Industries Inc. Message Board

  • all4wishes all4wishes May 12, 2008 7:12 AM Flag

    trading action today

    Welcome to the board many of you who made recent posts. You probably bought recent and now are looking to "just get out".

    No question at the bell the stock will fall. The momentum traders will get out, take their losses and look for the next momentum stock.

    The investors who have been with the stock will sit tight and watch the stock bounce back sometime before noon and close down 2 or 3 points for the day.

    Remember those who are bailing at the bell, there is little float in this stock. Market sell orders will cause the stock to fall deeply as the market maker (aka. Harvey) finds willing buyers.

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    • Thank you to those that bailed.

      Bought back in at 20.80 - 21.20. Watch this stock close above 24 today.

    • I have no position in this stock but have been following it for sometime.This was also highly promoted by a crooks newsletter SHARPEYED.COM.Beware of this newsletter and don't get caught by their recomendations.Last week they said they proposed to buy 15000 shares in the open market and that the stock will be $50 by the end of July.A few months ago they were promoting a chinese stock STV at $50 and a week after their recomendation it was down to $35.They were then saying that if this stock did not come back to over $50 in2-3 weeks they would shut down their business.This stock is now trading around $19 and they have yet to shut down their newsletter.It is time the SEC should go after these crooks.I have personally not acted upon their recomendations.
      As regards GENC my feeling is that stock will be de-listed from the Nasdaq and will trade on Pink Sheet.

14.74+0.19(+1.31%)May 27 4:00 PMEDT