GROW Stumbles After $60+ Peak
Take a look at a chart of U S Global Investors (GROW) and you can view a beautiful chart that has made some very wealthy. The stock has doubled since the beginning of November, and today peaked out at a top of $62.79. Around 2:00 PM today though (or about an hour ago) the stock started a decent downwards, and now is testing new intraday lows of around $57. being down nearly 5% on the day. Volume on the stock is over 1.3 million shares.
Is this the climax run some have been expecting? 11/22 and 11/23 had the stock looking bleak, but it took just one week for the stock to rebound and climb to higher ground. Time will tell what U S Global Investors has in store.
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Posted by Blain Reinkensmeyer on December 7, 2006 at 3:11 pm --
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