Refrence to GAN was KCA as Takeover Target
I always remember Gandalf. I remember when the Globe & Mail gave them dog of the week when they were at a 52 week low. I thought about throwing a few thousand at them for the fun of it. When it doubled, I knew I missed the boat. When it tripled, I was impressed. When it was up almost 8 fold, I knew a bunch of people had lost their minds. History proved that right (I thought about shorting then, but thinking, unfortunately, is not the same as doing).
There is really no way I would expect this stock to do a Gandalf. What I meant by the remark is that maybe someone will do a takeover on them. Lets face it, the market conditions are not good for us speculators.
I bought KCA last year at this time at 0.9 on spec they would report positive earnings with a target of $ 1.5. In 1 week, it was 1.3, but I got greedy. If I had known and understood the Dow Jones question, I would have dumped.
Right now, they are attractive based on potential and cash (which hopefully, they will stop burning soon). The message the market seems to be taking a wait and see attitude.
As for hyping the stock, lets face, the company doesn't seem interested in doing this so, we might as well. They have good technology and interesting prospects.
I just wonder (kind of hope) that some one might try a takeover.
Cheers |
