November 29, 2016 - By Winifred Garcia
The stock price of GAMESA CORPORATION TECN SA (OTCMKTS:GCTAF) recorded $0.45 in recent trading, touching $20.18 and getting interest from avid investors. It’s the latest price, but let’s analyze how the stock has been doing recently. In the past year, GAMESA CORPORATION TECN SA’s stock was big mover. According to the short interest report published recently, (GCTAF) had 20,900 shorted shares for 10.5 days to cover. The prior short interest was 19,900 for a $5.03 change. The 52-Week High and Low are noted here. -17.80% (High), 36.35%, (Low). The stock had 2,000 average volume.
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When moving into land of penny stock trading, one must determine whether the risk-reward ratio is favorable. Penny stocks can be tremendously attractive. Hollywood often shows selling or trading stocks being easy and fun, with millions of dollars earned as profits. It’s important to identify that there is considerable risk involved when putting money in penny stocks. The risks list include market volatility, getting stuck with fake shell firms created for the only objective of the ‘pump and dump’. For those who are not aware with the term, pump and dump happens where brokers promote the equity until prices rise, then sell the stock, leaving novice investors to bear the loss.
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It is a common thing to get caught up in the excitement of penny stock email bulletins. Though the circulars are a helpful means to get ideas, wise investors still perform due diligence on interested stocks. Some penny stock circulars show a disclaimer at the bottom that states something like ‘We are not market advisors, we’ve got compensation and we may have this stock in our portfolio.’ Further study must be carried out to find out if a firm actually has businesses or is simply a home office.
Many a times, when a promotional plan is designed, there are big shareholders offloading shares they might have bought long ago, waiting for an opportunity to recoup their investments. It never indicates that these firms termed as ‘fake’ aren’t good options for short-term trading. If you have disposable money that you can put in use to make a quick trade, what a firm does is less significant than recording a win on a trade. In such a scenario, things like stock promotions are advantageous for shareholders as they throw more light on a dark or defunct firm.
Look at a promotion last year of Cynk Technology (CYNK), which surged all the way to $21.95 from low of 6 cents. The firm itself had very little to deliver as far as fundamentals or operations are concerned, and its shares price was purely led by trading activity.
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More notable recent Gamesa Corporacion Tecnologica SA (OTCMKTS:GCTAF) news were published by: Wsj.com which released: “Gamesa, Siemens to Combine Wind- Turbine Businesses” on June 17, 2016, also Wsj.com with their article: “Siemens, Gamesa Near Wind-Power Deal” published on June 15, 2016, Wsj.com published: “Siemens, Gamesa Link-Up Hit by Delay” on March 04, 2016. More interesting news about Gamesa Corporacion Tecnologica SA (OTCMKTS:GCTAF) were released by: Wsj.com and their article: “Siemens Is in Talks With Spain’s Gamesa on Link-Up in Wind Energy” published on January 29, 2016 as well as Marketwatch.com‘s news article titled: “Areva to sell shares in Adwen to Gamesa” with publication date: September 15, 2016.
Gamesa Corporacion Tecnologica SA is a Spain firm engaged in the renewable energy equipment manufacture. The company has a market cap of $5.68 billion. The Firm specializes in the promotion and development of wind farms, as well as the engineering, design, production and sale of wind turbines. It currently has negative earnings. The Company’s activities are divided into two business divisions: Wind Turbines and Operation and maintenance .
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