Monday, June 15, 2009

GNOI - One To Watch

GNOI popped on our radar today after increasing volume and price action over the last several trading sessions.

Irregardless of news, or the lack thereof, the stock is under serious accumulation. We saw the same price action with PGYC in the sub penny range and watched it surge 10+ fold from those levels.

GNOI could be charting the same course. With penny stocks follow the money and it looks like GNOI is drawing some serious money interest. I'm sure we'll have more on this one in the days ahead, but for now put it on your watch list.

It closed at $.012 and as up 33% on the day.

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