Not a "dead cat bounce", rather a trading bounce. I sold my trading shares from yesterday, for $8.23-$8.25, less than a point of gain. But, in this market, and this sector, you take what you can. The stock was oversold and technically due for a bounce, regardless of the ORCL-fueled market. Q's PR helped, but the stock was due a TA bounce. I'll be buying back trading shares, (my "investment" position is intact). Sorry to say, it is a traders market, and unless one trades, it will be hard to make money in the market over the next couple of years, IMHO. GX will be OK long term, but meanwhile, why not take advantage of trading opportunities? Beats sitting and watching one's portfolio yo-yo up and down (or in the case of GX, mostly going from low, to lower<ggg>). If GX delivers, the market will eventually recognize that. Already today there is some differentiation... LVLT keeps heading down, while GX is showing a very unusual color: green!
Morgan |
