I agree with you on your 3rd point, Mike. I'm not a very knowledgeable investor, and do it mostly for fun and most of my investment decisions are based on my own gut feeling about these things. Of course, my gut feel kept me doubling down several times on WORK, so instead of having a few shares with an $8 basis, I've got a LOT of shares with a $3 basis, though it's only worth about $0.16 right now. I've got a buy order in right now for a bunch more at $0.125 (hope it gets taken) so I can average down to a more reasonable $0.50. So, my gut can be very wrong at times and I wouldn't want people to follow my lead at all.
However, my gut is telling me that you're exactly right on there being more pain and puking. I'll be buying GTIS, but am feeling very strongly that it'll be a better bargain within the next 30 days. I expect that when the financials come out and confirm the earlier warning, it's going to tank even more. When it does, I'm going into a feeding frenzy on this one.
Did you see that options will be available on GTIS on the 10th? I've never dealt in options, but am very interested now. My understanding of it is that a call is when you're buying someone's appreciation rights past a certain price point. Right? The strike prices are going to be 5, 7.5, and 10. I'm very bullish on GTIS' outlook in July, and plan to buy options accordingly. Fortunately, my stock-broker is a dear friend (and my wife's ex-husband, strangely enough), and he's agreed to educate me in the options game and to get me as well-informed about these before I throw my money out there. As I understand it, if the stock is above your strike price on or before the expiration date, that's a *very* good thing. <grin> And if it's not, you've thrown away every cent. I can live with this. Sounds like fun. :) |
