I usually try to get into stock that will have a good solid long term run. Unfortunately, only 10% of those I think will do that actually do (recently I was forced out of COO and THQI after being in for more than 2 years, I am still in MRK, gosh, going on 4 years, and am hoping that HAUP will be another one like that). At the time I first looked at GPGI (about two years ago), it looked as if it would be such a stock, it still might, but for the time being, I have to wait until it proves to have the mettle (metal). It is in a down trend, has just broken a yearly low, and I am not smart enough to say if this is the last low or not. It is not the only stock I am waiting to see a bottom form (two of my favorites AKSEF and WFR look just as sick, and I am therefore still on the sidelines). One of these days, if the company indeed has a future, the volume will indicate that and I may reenter again. Now, IMHO, is not the time.
Zeev |
