Me committing to myself not to invest in BB's had nothing to do with GNNX other than the up and down BS for no good reason. The main reason I am out of penny stocks is MIDL. I got absolutely fried. About a 40k loss (not paper, hard cash, ouch). But hey, I'm a big boy and I did it. I waited long after I felt comfortable. The greed meter was at full tilt. My DELL, CSCO, and MSFT have pulled me almost all the way back from the loss. Like I have said before, I make my living from reading people and the gut feel thing and unless these guys at GNNX are incredibly good, I think they are on the up and up. What I have learned is you can have a good company like GNNX and if people are jacking with the stock, there is not much you can do about it. I had a very large position with GNNX (for me) and increased it when I got back from my trip. I felt great, was impressed with Logan, Conte, and Nichols, but then it just kept getting hammered. The thing that drives me nuts is this is a better company today than when I went out to visit. I keep waiting for them to get off the BB and I believe they will. BTW people talk about them meeting minimum requirements and not making it, well I believe the move you saw with the dividend being paid is part of their strategy to stabilize the stock and eventually get off BB. Could be wrong, but Logan and his guys are no dummies.
Good luck,
DW
PS for what it is worth, I would still buy in. JMO |
