ANATOMY OF GENT'S TRADING RANGE, WE HAVE BEEN SUCKERED
First let me say I am not going to start posting on SI again as I used to. I have been harassed on SI and Russ, Bryan and the rest of the folks have let it slide. That people who act like children, name call, and violate the TOU, that Bryan and Bob will not enforce IMO is the reason SI is becoming more like YHOO and Raging Bull. So in protest I won't post until Bryan and Bob do their jobs. I only post now to help some friends.
As for Russell, I have told him I do not approve of his relationship with Steve Harmon and letting SI be used to deceive investors. SI allowed Steve's 1999 list of ten stocks to be changed, for dogs to be dropped and flyers added. Why would SI allow this? Because Russell is invested in eHarmon.
The above is why I don't post.
Below you will find why I feel we have been suckered. This stock has gone nowhere since June and I wanted to know why. Here is what I found, you make the call.
In December GNET looked ready to break out, then around Dec.16th and 17th the stock for no reason I knew of, took a hit. Just like it had since June, the same pattern, news that should move the stock and it sold off. Why? siliconinvestor.com
If you are drinking man, have a belt before you look at the link below. You are about to find your girlfriend in the back seat with those who are to look after your girl friend. biz.yahoo.com
siliconinvestor.com
Notice anything? That's right insiders and GNET's BOD sell when the stock runs. Members of the BOD sold 135,000 shares on Dec. 16th and 17th. Now this would not matter if the stock traded on huge volume but GNET does not. These sales do matter.
And in September. I have a question. If memory serves me right Micheal McDermott, is the Sr. VP of Salomon Smith Barney. Is this the same Mr. McDermott? On September 15th he sold 56,562 shares, that is a lot of shares when a stock trades on low volume. And in June when we had the news and Paul Allen bought, guess who sold. The profits for insiders are made from suckers like us.
Look at a chart of GNET and the insider sales. Notice anything? Small wonder this stock has been in a trading range, indsiders are helping to kill MOMO.
I don't know about you but I feel like I just caught my girlfriend in the back seat of a car with my brothers. Well I just sold GNET this morning 1/3 of my shares, shares I paid nothing for or next to nothing for, the shares are from 1997 or split shares from them. That's how disappointed I am.
I will not attend the GNET shareholder meeting as I will not attend the meeting of a company who allows one of the originals to be harassed by those who act like moronic children who are making SI more and more like Raging Bull and YHOO each day.
I would ask that someone who does go to the meeting bring this issue up and that the BOD and insiders are asked to not sell until we break this self-imposed trading range. Someone please ask that GNET stops killing its own momentum.
A GNET sucker, BLUE |
