Seems that these days Global Earth Energy Inc (OTC:GLER) stock will be one of the investors’ favorites. At the beginning of today’s trading session GLER is further surging.
The initial 11.45% price increase confirms that today the session may be prevailed again by buyers. Press releases in combination with GLER stock promotion already opened the show for huge shares stir.
Just announced by GLER provincial project for millions can provide guaranteed income for over 20 years will also bring additional investors confidence towards further GLER stock upward direction.
Since Tuesday, following the inertia of the promotional euphoria and the optimistic news about the company, investors may count 31% return on investment in GLER stock.
As chart here presents, at the end of this May similar PR campaign and stock promotion shot GLER stock to the sky. Shortly after this, came the time of correction. Some investors won, but some were counting losses.
In those days GLER stock recorded its new 52- week high, as a result not as much of company’s developments, but as result of investors reaction on stock alerts, promoting the gainer GLER.[BANNER]
Taking in consideration that GLER stock is promoted now, only investors may decide up to what price to bid for GLER shares.
Maybe the lessons learned during the previous stock promotions will make some investors to invest in GLER stock after own due diligence done, not only based on alerts and releases.
Here some facts about GLER in support of the above.
At May 31, 2010, GLER has accumulated deficit of $8.2M.
For the nine months ended May 31, 2010, the company reports:
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Net loss of $ 1.36M
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Net loss per common share $0.05, while for the same period last year it was $0.03
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Total Assets of $1.25M and Total Liabilities of $2.98M.
