Lastshadow,
>Its not the convertibles, its not the shorters, and its not the
competition by and large.<
I have to disagree with you there. IMO, the news of the convertibles brought on the shorters. Who could blame them considering GMGC's fabulous rise last year. For them, it was like taking candy from a baby. The good news is that sooner or later, the debentures will be completed and the shorters will then begin to cover when they see the downward pressure stop. Certainly, the right news can cause this to happen more quickly. I'm gambling on Markman by buying in again today.
All I'm expecting is for them to beat last quarters numbers. To answer
the previous poster as to why this stock went down again today, it's because I bought it. But don't worry, my patience level only goes out about 3 days now. Jeez, back in for 1 day and I'm already in the hole.
Good luck,
VIPER-------<
P.S. Was THIS close to buying SEVL on Friday, but didn't. Could have had it for 3 1/4. Hit a high of 10 today. : ( Come on Steve, I KNOW GMGC can do this! |
