EDGE TRADER

Tuesday, January 03, 2006

GNSS


GNSS was finally upgraded due to "valuation" today, sending it up substantially. It was the downgrade due to "valuation" that originally prompted me to buy this stock in late December. "Efficient" market theory in action in this chart. The analyst report published by our friendly Piper analyst reduced the price of the stock by over 8% in one day. Now an Oppenheimer analyst goes the other direction and pushes the stock up over 8% in a single day. My position stands at +8.11%. Of course that all could change if another analyst publishes a new price target before market open tomorrow!

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