GEI Global Energy Corp, Inc. GEIG
We’re going to be touching base with GEIG again today- If our regular readers will bear with us for a moment for the benefit of our new subscribers, let’s recap the highlights of this play and take a look at what it did for us last week.
Advanced Fuel Cell Technology- The GEI X5 APU (auxiliary power unit) uses a Nickel Metal Hydride (NiMH) battery in conjunction with a PEM (proton exchange membrane) fuel cell for its high capacity steam reforming technology. The efficiency of these hybrid units is impressive. Steam generation is the most ‘energy expensive‘ resource required for fuel processing, yet GEIG‘s technology increases the overall steam reforming efficiency to over 90% as noted in tests the company conducted this spring. The technology is patented, and the company has already received purchase orders. (Extremely detailed rundowns of GEI’s products can be found at GEIGlobal.com)
GEIG certainly made a splash when we introduced it last Wednesday, showing us its ability to make rapid moves. On that day, traders could have easily made gains of well over 400% as the stock barreled upward from the .015-area all the way to .08. (Actual range was .0098-.08, but there were not many sub-.015 shares to be had) It became one of our top picks of the year last week, and since then has undergone quite a consolidation.
For that reason, we’re looking back in on GEIG today, as yesterday’s trading saw the stock come back to its original levels from when we first ran across it. It actually presents us with the opportunity to potentially catch the next wave, as a bounce off of support here is quite possible; we’ll need to keep a sharp eye out for a bottom. Even a fraction of the move to .08 that we saw last week would deliver sizable gains from these levels, so we really want to keep our eyes on this play as it gets itself in gear for the next leg-up.
Find More Detailed Info at www.geiglobal.com