GDET - Long-term Player Will Overpower Short Position At $0.0187 with $0.06 Analyst PPS Target
March 21 2019 - 2:00PM
InvestorsHub NewsWire
New York, NY -- March 21, 2019 --
InvestorsHub NewsWire -- GDET (USOTC:
GDET) (GD Entertainment & Technology dba “GDET”) today
released an analyst report with a $0.06 target price per
share (PPS). Separately, the GDET is rated
BULLISH by BullishInvestor.com. GDET gained substantial
market attention last week when it announced its entry into the cannabis
sector. The PPS rose from $0.005 closing at a
high of $0.0187 on over 100 million shares of trading volume.
It’s now apparent a portion of the trading volume can be attributed
to short seller’s miscalculating GDET’s staying power. Short
seller’s likely anticipated the PPS might return to its sub-penny
price, but instead, short sellers are fighting to keep the price
from heading above their $0.0187 high. GDET is here to stay
and short positions will be overcome by GDET’s staying power.
Keep an eye on this one, its only a matter of time before a
compliance department at a market maker forces their broker to
cover the position. Then we’re likely to see the $0.06 PPS
target price in the analyst report published
today.
“ The stock is experiencing a strong
uptrend as of late, with an increase of more than 15 percent in the
last five days. Based on BullishInvestor.com’s proprietary
algorithms, GDET is currently signalling BULLISH … Overall the
technical indicators are signaling a bullish reading for GDET. As
such, it may be a wise decision to consider GDET at these price
levels. “
BullishInvestor.com
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