Hi Everyone,
GOFF saw an incredible day gaining 24.32% demolishing the shorts on the way up. The short squeeze that we were expecting has just started. Many shorts got crushed today but this is only the tip of the iceberg of what's about to come! Members that are part of GOFF could soon see their investment DOUBLE or even TRIPLE very rapidly if they hold and are patient.
Here's Why...
GOFF just reached a new all time high of 58 cents today and resumed its huge momentum rally. This alone will attract momentum investors who will rush to buy GOFF starting tomorrow and next week before it soars past $1. With this in mind, short sellers will have a very hard time to cover their positions at low prices and will have to keep bidding higher and higher to cover any shares that they shorted in the mid to low 40s. Essentially a rush to accumulate shares between momentum players and short sellers will ensue very soon.
Having said that, It is clear to us that GOFF will break 60 cents tomorrow and start moving higher and much faster. We could even see a test of the 90 cents range on Friday and a definite move over $1 early next week!
But here's the best part....
As put by an analyst today from SeekingAlpha : " Boutique research firm Murphy Analytics covers the stock a price target of $4 a share. Surprisingly, 13 million shares are short of Goff Corp setting the stock up for a short squeeze if any positive or even neutral news is released by Goff."
Here's another comment from another analyst at investing.com today: " If any news comes for Goff’s upcoming drilling exploration that really begins to demonstrate the legitimacy of the project, the stock may stage a significant rally as shorts will have to cover, providing a larger push for the shares."
These analysts make very good key points: we have yet to see any significant update from GOFF in regard to the potential of the La Frontera property. But all indications point towards significant updates from the Company whether in regard to the La Frontera or on the operational side in the near term. Perhaps, even a major joint venture or a new property acquisitions could be in the work.
In our opinion, one of the above is about to happen and when it does, GOFF could skyrocket very rapidly. Coupled with a short squeeze, GOFF could possibly reach the $4 target that Murphy Analytics reported!
To read more about the recent articles that were released by the above analysts follow these links:
seekingalpha.com/article/...e-something-in-common?source=yahoo
And
www.investing.com/analysis/...for-this-gold-minig-stock-161547
We have never been this excited about a pick like GOFF before. More institutional buyers showed up on the bid at 52 cents in the tune of 3 million shares today. This is yet another indication that GOFF wants to go higher and buyers are chasing the stock.
Anyone that is riding this momentum could soon be sitting on huge profits. Those who are looking to be part of GOFF shouldn't hesitate in our opinion. The perfect setup for a massive breakout is forming up with a strong momentum, a short squeeze and potentially major updates on the La Frontera property.
Believe us when we say this is only the beginning of something huge, we've seen this many times. When a stock like GOFF sees this much accumulation from heavy buyers, a major lift off is bound to happen. GOFF could jump 3-4x in value very soon in our opinion!
Your PennyStocks.com Editor