Xtremepicks.com: GSPT - The fun is just getting started, today kicks off the next leg in a bull run

May 11, 2010 - PRLog -- Xtremepicks.com: GSPT - The fun is just getting started, today kicks off the next leg in a massive bull run !!!



 
Good evening xtremepicks.com members.

The markets ended the day on the minus side of the ledger today.
Gold was strong off the hop and build on its gains all day. Oil ended the day with a loss.


GSPT had a banner session and continues posting impressive gains. Some may say after gaining 11% today there is limited upside left. Such is not the case and http://www.allotcbb.com/ agrees with our assessment.

GSPT has achieved the coveted FOUR STAR BUY RATING - This rally is only beginning, the real fun is on the way !!!

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GSPT.OB
   

5/11/2010 4:57:04 PM

Overall
   

 
   

     
   

Targets
   

Six months: 0.1507     One year: 0.1760

Supports
   

Support1: 0.0616    Support2: 0.0200

Resistances
   

Resistance1: 0.1290    Resistance2: 0.1507

Pivot Point
   

0.0734

Moving Averages
   

MA(5): 0.0653     MA(20): 0.0606

MA(100): 0.0374     MA(250): 0.0446

Stochastic Oscillator
   

%K(14,3): 43.478     %D(3): 40.043

RSI
   

RSI(14): 60.200

52-Week
   

High: 0.1290  Low: 0.0200  Change(%): 88

Average Volume(K)
   

3-Month: 179  10-Days 543






GSPT settled out the day at $0.075, that translates into a gain of 11.2% with volume coming in at a huge 1.39M shares.

The shorts in GSPT are getting absolutely crushed and today's price action only confirms it. All day long the offer was steadily getting picked off as traders added exposure to this soon to be energy producing heavyweight.

After successfully testing support at the 200 Day Moving Average GSPT has gained nearly 100% and all of our members who followed our lead and "bought the Dip " are now sitting pretty. For all the members out there who unfortunately, for whatever reason did not pull the trigger there is no need to worry, there is plenty of money still available to be made right here right now.

The recent 100% rally in GSPT is just a prelude of what's to come.    







The bull run in the last few days has been void of any major P.R's from GSPT. Just think what will happen when they put out a P.R similar to the one below.


BELLINGHAM, WA--(Marketwire - 05/07/10) - Golden Spirit Enterprises Ltd. (OTC.BB:GSPT - News) reports that in current news publications, environmentalists believe that the recent Gulf of Mexico oil spill has given President Barack Obama a significant political opportunity to renew his energy and climate bill allowing him to push for legislation to move away from the country's reliance on oil and other fossil fuels. The strong clean energy provisions of the bill will be a great advantage to Golden Spirit's renewable and alternative fuel projects.

Company President, Jaclyn Cruz states, "Alternative and renewable energy sources need to be efficient and economically viable in order to ensure that in the long term they are able to help mitigate any adverse environmental impact caused by fossil fuels. Government mandates will make all the difference."

The Company is currently meeting with government officials and businessmen from the Asia-Pacific region in order to raise the necessary funding of approximately $US500,000 to $US1,500,000 required to execute and move forward with its Waste to Energy (CTC Greencycle) technology and its fully integrated alternative fuel project. The rate of return is anticipated to be up to three (3) times the initial investment within the first two years, notwithstanding the benefits of the results to the environment.

Mission Statement:
Golden Spirit Enterprises Ltd. is an environmentally, socially conscious Company specializing in green technologies which will assist in fighting global warming and the march to help mankind.
 


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