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Strategies & Market Trends : Gorilla Game Investing in the eWorld

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To: MulhollandDrive who wrote (1617)3/17/2000 12:40:00 PM
From: Teflon  Read Replies (1) of 1817
 
bp, I already have a huge position in this stock with an average price of $6.75. Given the PP valued the shares in the $6 range, I see very little downside on this stock. Once I see signs of positive momentum in this issue, I'm jumping in for more. The lack of volume leads me to believe that many buyers are waiting to see if any frustrated holders of the stock are waiting to sell on this news (this news could be perceived as a letdown given that some were probably expecting a contract win or buyout to be made public). This waiting game could go on for some time, or be over by the end of the day. Either way, unless I'm missing something here, this stock has tremendous upside if the management team executes, and limited downside given the valuation from the PP.

What am I missing?

Teflon
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