Whale Wisdom: GSE SYSTEMS, INC

GSE SYSTEMS, INC (GVP)

Closing price on 12/31/2009:	$5.48
Filers holding this stock on 12/31/2009:	60
Aggregate shares on 12/31/2009:	14,458,256
Aggregate shares on 09/30/2009:	10,190,230
Percent change:	41.883510%
View insider trading info since Jan. 1 2008

Brokerage Ratings on this stock:

Positive:

Neutral:

Negative:

Brokerage	Date Issued	Rating	Price Target
BENCHMARK	06/07/2009	BUY	$7.00
ROTH CAPITAL	01/06/2009	BUY	$9.00
FELTL & CO.	11/12/2008	HOLD
DOUGHERTY & COMPANY	11/12/2008	BUY	$9.25
JESUP & LAMONT	08/28/2008	NEUTRAL	$7.25

Non-derivative Insider Transactions

Transaction Date	Owner	Edgar filing
05/21/2009	FELDMAN MICHAEL D	View Filing
05/29/2009	HOUGH JEFFERY G	View Filing
06/01/2009	GRADY GILL R	View Filing
06/04/2009	GRADY GILL R	View Filing
06/08/2009	GRADY GILL R	View Filing
06/10/2009	GRADY GILL R	View Filing
08/31/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/02/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/08/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/10/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/17/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/21/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/25/2009	COBBS WHARF MASTER FUND, L.P	View Filing
09/29/2009	COBBS WHARF MASTER FUND, L.P	View Filing
10/08/2009	COBBS WHARF MASTER FUND, L.P	View Filing
10/14/2009	COBBS WHARF MASTER FUND, L.P	View Filing
10/29/2009	COBBS WHARF MASTER FUND, L.P	View Filing
11/16/2009	TAWES ORRIE LEE	View Filing
11/17/2009	TAWES ORRIE LEE	View Filing
11/19/2009	TAWES ORRIE LEE	View Filing
11/23/2009	TAWES ORRIE LEE	View Filing