Today I got chased onto the beach by a group of sharks.
I thought I was safe for a moment, but then got attacked
by a pack of wolves. Now clinging to a rock in the
tidal zone, licking my wounds. I suspect other GMGC
longs felt similarly. My flippers hurt.
The day's events? Here is my view.
This is silicon valley. I know a lot of millionaires
and multi-millionaires here. All these people got that
way by investing in technology-concept stocks (either
as an employee or as an investor). There isn't
a single trader or "short" among them. These
people don't play those games. They recognize such efforts
average to mediocrity in the long run. Instead, they focus
on creating true wealth. This means finding the right
company in the right niche, and then having the courage
to drive it through to success.
In my view GMGC/Portico is such an opportunity. We all
know the arguments pro and con here. So to cut to the
core of the matter I'll just say this: try the product.
If you think Portico is outstanding and that it fits a
real market demand, then you should buy and hold.
If you don't believe these things, then you should sell.
In the end, everything comes down to product/market -
all the other stuff is noise. If you like the
product/market, then today's action was a godsend
chance to get stock on the cheap. If you don't like
the product/market, then you'd better get out real
quick (or short, if you are so inclined). It's really
quite simple.
I've made my decision. Starting next Monday I think the
ranks of satisfied Portico users will swell rapidly.
Therefore, over the next few months, so will our stock.
I'm off to Japan for a couple weeks and then meeting
my boyfriend in NZ. Tracking stocks is not on the
agenda. Hope to return to see that good things
have happened to GMGC. Until then, best of luck to
everybody! Have a great summer!
Sea Otter
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