$GLUU - light in the end of the tunnel and I hope it's not a choo-choo train :) Bullish flag breakout on a very convincing volume. I like actions like that. It gives some confidence that bulls are serious. This feels like more than a technical short covering rally or whatever. I glanced thru the news and seems like it is a lagging reaction on news that Glu Mobile Inc. ($GLUU), a leading global publisher of 3D Social Mobile games for smartphone and tablet devices, was named a "Top Developer" at Google I/O 2011. Google is also naming Glu's hit Social Mobile game, Gun Bros, as an "Editor's Choice." Gun Bros has led $GLUU's success on Android™, with more than 3 million downloads on Android devices in the first three months of its release." It was announced on May 11 and this is the first true wave up since announcement. Stay tuned for the continuation.
By the way, $GLUU has a very good statistics with our pennystocks100 strategy.
Strategy: Pennystocks100 (5 min chart)
Period: May 19, 2010 - May 19, 2011
# Win: 2
# Loss: 0
Winners: 100%
Profit-Loss%: 6.49%
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