>It is much easier to trade stocks like FTEL and GRNO that are making >new highs and have NO ONE sitting on a loss.
Craig,
I sat on GRNO (at a loss) for some 7 months before the recent take off. I am currently quite profitable on all of my positions in the stock, as well as those who took a chance on a story that was perceived as "too good to be true". However, it is true, and their properly executed business strategy of consolidating the waste oil industry will make a name that is regularly uttered on CNBC within two years. Of that I am quite positive.
I bought 1,000 more shares of GRNO at $6 3/8 and on the same day purchased 1,000 of GIFS at $2 1/16. I also hold 10,000 of IMXS at $.13. All 3 of these I am willing to hold long term unless something drastic alters the fundamentals.
I am not making a recommendation on GIFS, nor should anyone believe that I am comparing GRNO and GIFS. I know GRNO about as well as any investor can. I don't know GIFS except from the rhetoric and the news releases. However, I plan on getting to the bottom of the GIFS story sometime very soon. Inquiring minds want to know. If I can find something that I can "hug" which gives me a warn and fuzzy feeling, I might say a few kind words about the company. However, at this point, it is sufficient that GIFS is still a controversial stock to me, but one with a significant story that apparently needs an audience that can determine whether they are "fact or fiction".
Regards,
Ron |
