GFRE,
Usually I feel knowledgeable about a stock and am happy buying in a panic like today. However, with my remaining 900 shares of GFRE, I don't feel that way.
I actually feel more inclined to sell than to buy, on the theory that if the company were legitimate, insiders (and friends) and knowledgeable investors would buy. Also, it is disturbing to me that the company is unable to take any measures to stem the price decline when they clearly realize it is a problem -> maybe they can't stem the decline -> maybe the company itself has problems.
On the other hand, I'm not big on dumping stock in a panic, following the herd. Over my years of investing, I've seen plenty of panic price drops with no change in fundamentals. The position is small enough that if the price went to 0, I'd be ok.
As such, GFRE is a hold for now. It could be buy or sell in the future depending on future developments.
MC |
