Mr Ginz
Same old story, nothing new. When this was going up from $37(precisely touching the 50 day moving average at $54) it did so on very weak volume, meaning not a lot of conviction. It had a very hard time trying to keep pace on a percentage and volume strength basis with a lot of its peers and the averages blasting up recently, and just about every time this has happened since mid 1999 there has been a heavy price to pay.
The news about hypermart is another predictable "so what." Since very few investors know anything at all about GNET, Hypermart news, TUCOWS, anything like that, is pretty much meaningless unfortunately. Maybe not to the company or loyal shareholders, but lets face it, it is to the investing world in an overwhelming way.
The market has been saying in a resounding way and for quite some time "News? That is not news. Give us something that is not boring, routine and minor, like major brokerage coverage, major rollouts, acquistions with well knowns, that sort. If not, we could care less." The market wants to see new and exciting. They don't want to have to guess, not when the competition always puts out more news to attract more attention.
It is a vicious circle, has been and still is. No news of substance, equals indifference. Indifference equals a suffering stock price, and that equals difficulties on the acquisition (not to mention credibility) front. |
