Gawk Inc (OTCMKTS:GAWK) Short Squeeze is Coming
Word on the street is toxic financier Tarpon Bay are the shorter but it looks like they have run in to some issues now, the stock held its range and the short squeeze is close at hand.
GAWK INCORPORATE closed down -0.000 at 0.005. Volume was 97% below average (consolidating) and Bollinger Bands were 47% wider than normal.
Open High Low Close Volume___
0.005 0.005 0.005 0.005 114,000
Short Term: Oversold
Intermediate Term: Bullish
Long Term: Bullish
Moving Averages: 10-period 50-period 200-period
Close: 0.01 0.00 0.01
Volatility: 267 183 270
Volume: 2,731,258 3,701,286 2,309,740
Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.
GAWK INCORPORATE is currently 36.0% below its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect volume flowing into and out of GAWK.PK at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on GAWK.PK and have had this outlook for the last 23 periods. our momentum oscillator has set a new 14-period low while the security price has not. This is a bearish divergence created by shorting that will snap back and drive the stock forward.
GAWK Inc. (OTC PINK: GAWK) today announced that on May 24, 2016, the Company filed its Annual Report on Form 10-K for the year ended January 31, 2016 with the U.S. Securities and Exchange Commission. In the filing, the Company reported that the Company’s revenue for the year was $1,652,156, as compared to $167,806 the previous year, an increase of 984%. Gross profit rose by 302%, to $506,878, from $167,806 in 2015. General & Administration expenses dropped from $2,042,906 in 2015, to $1,984,451, a decrease of 3%. Operating expenses were $4,137,870 for the year ended January 31, 2016, compared to $5,650,579 for the year ended January 31, 2015, a decrease of $1,512,709, or 26%, and research and development costs decreased to $2,500 from $605,142. GAWK’s total assets increased to $7,249,750 from $3,297,640, or 219%.
Kettle commented that the increase in revenue was due to the Company’s growth as a result of the acquisition of two businesses and organic growth. “Gawk has gone through a significant transformation and has expanded its business customer base and added a significant number of network facilities and points of presence expanding its geographic reach,” Kettle said. “Through these acquisitions, we acquired advanced systems and infrastructure, augmented our management team and employee base with talented, experienced, well-trained professionals, while continuing to provide a strong platform for further acquisitions.”
GAWK is pursuing a three-tiered growth strategy: developing specialized solutions for key vertical markets, targeting cloud services companies for acquisition, and accelerating organic growth.