Gregory, the problem isn't the company, it's your timing. It's obvious from reading your posts that you didn't know anything about GNET when you bought the stock, and you still know nothing now after you've sold. What bugs me most, though, is that you came in as a momentum player, and now that you've been burned, you complain about the fundamentals. Incredible.
By standard Internet valuations (revenue per page views, revenue per unique users, growth rate, etc.), GNET is undervalued. Despite your complaints, the company has been moving very quickly. And it's only when you scratch the surface that you begin to realize its true potential: You look at the lack of banner ads and complain. I see unrealized revenue that will be captured once the company ramps up its sales and marketing.
The stock is now up over 500% this year, and has appreciated by more than 270% since CEO Russell Horowitz bought 7500 shares two months ago. Do you know any other Internet companies where the insiders are buying, not selling? If you do, please let me know. I'd like to invest.
If you want to know more about the company whose stock you just bought and sold in three days, read the Needham report. |
