I have been an advocate of this stock for about 5 months. Everybody here makes excellent points (ie. Craig stating there is alot of overhead, ie Lee stating there was alot of negative hype, and ie Robert Scott stating we are led to believe that this stock is just ready to shoot up). It is plain to see that large swings either way are going to make money for the traders.
I find it interesting that the new group of people now posting are just reitereating what has been said three months ago. Deja Vouz or "history repeating itself".
To me there is only one thing that really stands out during this whole time and that was the WAACO hype that artificially raised the price and got many investors in at around the $2.75 to $3 mark. If it hadn't been for that, there would be no overhead, and there would be much less price swings, which would drastically decrease the hype, both good and bad. If you don't believe it look at the chart and look at the claims made by WAACO's posts. The claims made by WAACO are so laughable its actually sad.
On this note, I've done research on the company and I have talked to management and their story always coincide. The company seems to be all that one could possibly hope for in a stock. The problem arises with what do we do short term in the wake of devastation that WAACO has left for the true holders of this stock. My only other confusion is why GIFS hasn't done anything about this situation of stabalizing their stock. It can be done many ways, and even though Mike Rhetorik states that buying to shore up the price is not allowed, we all know better. For a company to buy their own stock is not just allowed, but preferred by Wall Street. |
