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Thread: GV, (GOLDFIELD CORP) up 800% YTD

  1. #1
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    GV, (GOLDFIELD CORP) up 800% YTD

    Bought 15000 shares today at $2.09. This year this stock has consolidated for 10-20 days after she makes a run up the flagpole. Average increases per month are 30-45%. Hoping she has several more months like this.


  2. #2
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    This might be a big money maker. Bought another 20,000 shares today with a nice average of $2.10 per share. This stock has been trending 30-50% per month this year.

  3. #3
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    I really wish you could start posting with titles like "ABC guaranteed to be up 800% this year"

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    Senior Member humble_pie's Avatar
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    i take it you mean goldfield GV, an electric utility situated in southeast USA.

    although GV might stand for vancouver gold co GV, also listed as GSV in nyc.

    800% gain might be plausible for GV of vancouver. It may indeed have a valuable property in nevada.

    but such a gain seems implausible for a plodding utility in southeast US of A.

    can you please tell us how this was achieved.

  5. #5
    Senior Member HaroldCrump's Avatar
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    It is indeed the GV from SE USA.
    It is indeed up ~ 800% YTD.

    It seems to have two aspects to the business - maintenance of electric plants and infrastructure and real estate.
    I haven't reasearched it in any depth, but I would suspect a lot of its optimism might be coming from the RE portfolio.
    The US RE market is showing faint signs of bottoming out and perhaps turning around.
    Most of the RE owned by GV is in the worst hit areas - the lowlands of Florida, SE Georgia, etc.
    A lot of their holdings are undeveloped land.
    Perhaps some big buyer somewhere believes those land values will rise significantly at some point.

    Going by the volumes, it does not appear that any large institutions are getting in.
    There is always possibility of manipulation.
    We have seen and discussed similar patterns - remember Swisher (SWI)?

  6. #6
    Senior Member humble_pie's Avatar
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    hmmn easy to find its history.

    it's a storied US goldmining company that divested itself of mine ops only a few years ago.

    the Hunt brothers owned it.

    it has promoters going back almost a century. They could promote an alligator swamp into central park before ya'll can say ya'll ...

    somewhere i caught a whiff of betting track software owned by a hong kong company ...

    i declare, it's the sweetest little old granny electric utility repair company in the entire US of A.

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    HC and HP. I always mix you two up. I hope you gentlemen realize, anything you read on the internet is not necessarily the whole truth and is old news thus built into the price already. Also, price moves first then follow the fundamentals. Ie: internet is very old news. Trade what you see not what you hear or read or believe. Research is nice but, everyone has already had the same resource you now have.

    GV Amex is the one Up 6% today.
    Last edited by Lucy; 2012-06-27 at 11:46 PM.

  8. #8
    Senior Member humble_pie's Avatar
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    go for it lucie

    just 5 hours & 31 minutes left
    til you shut down for a whole week

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    Quote Originally Posted by humble_pie View Post
    go for it lucie

    just 5 hours & 31 minutes left
    til you shut down for a whole week
    Hmm! Shut down for a whole week? Are you smoking something? Lol.

  10. #10
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    Quote Originally Posted by humble_pie View Post
    i take it you mean goldfield GV, an electric utility situated in southeast USA.

    although GV might stand for vancouver gold co GV, also listed as GSV in nyc.

    800% gain might be plausible for GV of vancouver. It may indeed have a valuable property in nevada.

    but such a gain seems implausible for a plodding utility in southeast US of A.

    can you please tell us how this was achieved.
    The stock was .25 cents in January. It's been averaging 30-50% months so far this year. Read the chart.


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