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Our New Pick is GOFF
Hi Everyone,
GOFF saw a new high today of 65 cents before closing slightly in the red at 57.5 cents. This might seem like a bad day but we think GOFF held extremely well considering the huge amount of short sellers that tried to bring the stock down. Let us explain...
If you were watching the market today, you would have noticed the huge amount of market makers that were pushing the price down. These market makers were met by heavy institutional buyers that bought over 5 million shares in the high 50s from what we saw.
We expect shorts to cover shares that were shorted today in the very near term. Last week, when we called a short squeeze was going to happen, GOFF nearly surged 30% the next day. A bigger rise could happen as early as tomorrow.
Let's not forget the incredible announcement that the company made on Friday, this alone has brought a lot more investors and institutional buyers to scoop shares in GOFF today. A whooping 27 million shares traded showing that investors see shares in GOFF to trade much higher in the near term.
If you missed the news on Friday, GOFF announced they acquired new leases on the Gavia properties that could hold as much as $30 billion in potential gold reserve. Forbes.com has started profiling the Company through one of their editor and we expect a lot more to ensue.
Very soon Wall Street could rush to buy GOFF as the current prices are still well below from what analysts are valuing the company for ($2 to $4 per share).
There has never been a better time to consider buying GOFF. Shares could very well be on their way to cross $1. Coupled with a short squeeze, GOFF could easily soar past $2.
The company also gave more updates today about their Gavia properties:
Goff Corporation President Warwick Calasse states, "We are expanding our understanding of the Gavia Gold Project... This project could move quickly into the lead on our gold exploration initiatives. If the figures from our detailed technical evaluation and on-ground efforts bear out that this is indeed a potential multi-million ounce gold target (or gold-silver), then we are immediately on a whole new level of gold values that ultimately can end up in the multi-billions of dollars."
The company is extremely confident that with this new property it could turn GOFF corp. into a multi-billion dollar operation with their new acquisition.
A few years ago, we saw lexg soar to $10 within weeks, we feel GOFF hold similar if not greater upside with the new acquisition. In fact, the company even stated that there could be more acquisitions of properties on the way which could pave the way for a lot more upside for shareholders in GOFF.
With potentially more acquisitions on the way, GOFF could continue its uptrend in the coming weeks and skyrocket pass $2 which could mean over 400% in potential gains.
We expect a lot more updates from the Company in the coming days and weeks.
Expect a lot more updates form us as well in the coming weeks as the upside are still very enormous on GOFF
Your PennyStockInsiders Editor |
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