I think GSS is sold out. Buyers below $3 have the ability and willingness to wait. The sell-off is unwarranted considering the progress on the last report. Short-term look for a test of $3.40. Not a lot of resistance until $3.40.
Agreed, the reoprt was bad looking through the rear view mirror but the forcast is to more than double production this year and increase it some more next year. That is what rallies are made of.
I did not trust this sell off as genuine because the stock went down on strong ask hitting for days. There was only one day it was bid hitting and that was in the lead up to taking GSS under 3 for the margin holders. It does not make sense to me that large lots were offered below the last price becasue anyone selling long or short could have got a higher price with the strong buying all the way down.