SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Gorilla and King Portfolio Candidates
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: MulhollandDrive who wrote (7557)10/5/1999 12:45:00 PM
From: Teflon  Read Replies (4) of 54805
 
bp, I'll give you another example...hopefully something a little more similar to the current GMST situation.

Remember when CNET announced their $100MM marketing campaign last Quarter...the stock got slammed from $55 all the way down to $30 just because this marketing campaign was going to cause CNET to post a loss this Q instead of a profit. This was the stupidist trading I've seen in a long time. Everyone knew that this marketing campaign was one of the smartest things that CNET could engage in to help drive long term growth for the business, but the momentum players took the stock down regardless. I bought major positions in the stock all the way down to $30, and slept very well at night knowing full well the same houses that dragged the stock down would be the same players that took the stock back up...and presto -- CNET now trading around $60 and probably headed higher.

To me, this GMST sell off represents the same type of opportunity. Everyone accepts the fact that this is the best case scenario for the long term prospects of GMST and its shareholders, but in the mean time we have to allow the institutional players to get some bargain basement positions established and make a little money off the volatility prior to letting GMST regain its move northwards.

Just my opinions,
Teflon
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News