thanks for the response. i am relatively new to this stock, having made my initial purchase of shares immediately after the MSFT announcement this spring.
as a mobile professional, i immediately appreciated the efficiencies inherent in the portico service. as i have researched the service, the company and the proposed business plan, my initial positive reaction has only strengthened.
my read on this stock's performance over the past week: the clever money saw that this stock was being driven up in price by purchases made by the smaller investor (read: highly susceptible to the "get rich quick" impulse and therefore far more likely to margin purchases) and hence very vulnerable to the purveyors of fear during a downturn in stock price. add to this the fact that a poor earnings report was inevitable and markman et al. had already advised that the roll-out would be progressive (read: no major announcements concerning telcos for awhile, no ad blitz until the 4th qtr., etc.), and the climate for a substantial downturn was clearly present. in retrospect, what has occurred was predictable. for me, a significant lesson learned.
fortunately, i limited my margin purchases in this stock and am in for the long haul (minimum of 2 years). my only wish (alas) is that i had more capital to invest in gmgc at these depressed price levels.
kudos to gmgc employees for developing an outstanding product, and kudos to gmgc management for developing a disciplined, savvy market approach. |
