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GASCO ENERGY INC Message Board

  • rewardz4u rewardz4u Apr 5, 2012 10:17 AM Flag

    CONFIRMED STAGE 2 BREAKOUT - new bull run has begun for GSX

    GSX has undergone one of the most powerful bottoming formations possible

    after being in decline for over a year, GSX recently broke out above its 150 Moving Average on massive volume

    News of Oil production coming via a $30 million partnership deal with Wapiti on the Uinta Basin drove powerful spike in buying.

    Balance sheet now loaded with cash after the deal and Wapiti will fund 100% costs of production

    The powerful rally launched GSX into a CONFIRMED STAGE 2 BREAKOUT

    ***STAGE 2 BREAKOUTS LEAD TO MULTI-MONTH/YEAR RALLIES which often go PARABOLIC ***

    recent pullback on low volume back to the breakout point at the 150 MA confirms this move as GSX bounced hard off the 150 MA

    This is normal price action on low volume and there will be a wave of buyers as there is heavy interest now in GSX

    *** GSX has transformed itself from nat gas to OIL producer ***

    Nat Gas is also near long term cycle low

    GSX insider buying without selling

    THE DEAL WITH WAPITI was a complete GAMECHANGER for GSX

    **** CONFIRMED STAGE 2 BREAKOUT ****

    accumulate GSX on any dips be if you wait, be prepare to pay up or watch the parabolic move from the sidelines.....

    Get ready for new 52 week high

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