The suspicion is that some MMkrs that may have been short were caught by surprise just like a couple weeks ago. Basically, they will learn as the company continues to release news. I hope that the tax credit news will wake them up to who they are betting against..
The stock market is a war, fought in many battles between the bulls and bears. For either side to win, it must generate support for its positon. Even though GRNO is non-DTC stock, MMkr's can still play their little games amongst themselves as they try to eek out every cent of profit off of the more sheepish, or those who chose to find the next killer stock. (Day Traders) Every advance to the upside will inevitably be accompanied by a slight downside. The object is to have higher lows, and higher highs as the bulls take charge. Each new base point represents some sort of resistanc, prices where the late comers see an opportunity to get in, or prices where profit takers make their exits.
Today we could have day traded this stock and made out like bandits, selling at $3.25 or so, and buying back at $2.75. I'm not that smart, so I leave it to the rest of you. I'll just be a position trader and add as more "dead presidents" fall my way... :0) Eventually I will reassess whether I will retain a significant long-term position or look for similiar stock. However, I guarantee that when allocating and diversifying later on in my investment experience, I will revisit both MUCP and GRNO, as well as any company's that stand to benefit from their technologies. But that moment of exit for me will be some time in the future, unless the fundamentals change to the negative, which I don't believe they will substantially. I would like to think that we are involved in the Iomega of the Energy/Environmental sector.
But I also don't like to hype. We aren't we all looking for the next IOMG???
Regards,
Ron |
