JDN (and PS for Jill and JDN), we had a pretty strong run from the low 40s to the mid 50s before settling back. I'm no technician, but I am not surprised that the stock might need a breather or two on an otherwise weak Naz day. On a more fundamental note, I've posted here several times over the last few months that the fundamentals are still catching up with the stock price. GBLX is still putting the pieces together and the business model is still being adjusted here. Near term earnings over the next few quarters are still but a whisper of the longer term promise or failure of this company. That, plus the huge insider positions, the large float, and the arbitrage opportunities with respect to the convertibles outstanding: they all add up to periods where the reasons for movements in the stock price will not be apparent to me (or maybe you), as a small investor. Having said that, I've been adding to positions during and since the meltdown this Fall. Hope this helps.
Steve
PS Jill's idea sounds good. What always amazes me when traveling to Asia/Pacific (five times now) is the vast distances between destination points. At the major airports, virtually all the aircraft are 747s. Interestingly, Perth is said to be the most remote large city in the world, requiring a minimum of 4.5 hours of air travel to reach any other city of one million plus--Sydney and KL may be about equidistant--have to take out my atlas. A funny: hotel in Perth--the handbook placed in every room (i.e., with info. on health club, sauna, laundry, in room dining etc.) had info. on long distance calling--including select area codes. Included in the "A" listings were four ACs for Antarctica--no joke. Hearing Jill's description of Melbourne makes my mouth water. |
