Great Basin Scientific Inc (NASDAQ:GBSN) is setting up to likely pop big next week. A compilation of oversold, value, positive news, light sell volume and the right micro cap environment create the perfect situation at the perfect price for traders. The stock has fallen six straight days from $1.45 to a close this past Friday at $0.82. The reason for this fall had little to do with bad news and more to do with weak handed traders selling. These momentun traders had bought on anticipation of a conference call the company had two weeks weeks ago. While positive, it was a sell the news event.

The company has had lots of good news in the last few months, including major news that popped it from $1.70 to $3.65 in a single day. In addition, the company has secured $75 million in financing and looks set to grow substantially in the next year.

The environment for micro cap stocks like $GBSN is fantastic. Every day many micro caps are popping 50% or even some over 100% daily. In other words the spec environment is ripe. This increases the chancse of a major pop on Great Basin Scientific in the near term. Volume has also declined which tells smart traders that selling is starting to stall out.

I am looking for an near term move on GBSN back to $1.40 from its current level of $0.82. That is a move of 70%. Signup to Verified Investing for free to gain access to my live trades. Verified Investing verifies every trade I put out and as a 3rd party creates a public track record for you all to view. The way it works is you only reward me if I give you profitable information. Signup now!

By Pro-Tradre

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