You and Henry know that GSI is going to 5 but it is the rest of planet Earth that has me worried. The US stock markets go way up today after Henry's announcement except for GSI which goes down 2 cents. How do you account for that?
yes I am serious... stock traded at 12.50 with 1/4 of the revs years ago they are much stronger now . I have said before its a gov run chinese consortium of steel mfg and they are listed on NYSE this thing is gonna go
This last chance has lasted about 4 years. I hope that you are right for a change because if this is another flop I am afraid the company will be finally done as an investment.
this may be your last chance to buy GSI under $1.00 when earnings come out in the 2nd week of November,
about a month from now they will be very good but more important will forward guidance no insider selling
and may new state owned buyer coming in, as per press release
Sentiment: Strong Buy
no one knows for sure. If you have done your due diligence and the stock fits your risk tolerance I would recommend scaling into the position and initiate 25% now. If you are not interested in a short term trade the safer
area to purchase the stock is when it closes above 1.04 on strong volume. The 50 day moving average and 200 dma are in the 1.03 and 1.04 range. I'm not good at picking the bottom share price but IMO this is a prudent way to approach this high beta stock. good luck with your investments
What are you doing here Warren? With all those preferred shares of Bank Of America I would think your time would be better spent at one of your Dairy Queens eating ice cream.
should have done your own due diligence. who takes financial advice from posters on a message board? the stock traded back below its 50 and 200 day moving average and isnt going to do anything until it reverses to the upside on big volume. The ceo , imo, has no credibility with wall street, has suffered alot of bad accounting pr in the not too distant past and China seems to be slowing....if this is your wild lottery pick stock than hang on and see what happens, if you have real investment money in it, sell and get out there are much much better investments out there. glta
Since you haven't responded I just went out and bought 5 gallons of Gallo Vin Rose. Three days and now we are at 95 cents. Please don't mimic Robin Williams.
If you can't find the key to the liquor cabinet, where do we keep a hammer? Two days below a dollar. If we see another delisting notice from the SEC we might as well keep drinking until we are dead.
I would still like to know why GSI replaced the Piacente Group with Asia Bridge? Piacente had several mid size institutional investors very interested in GSI but were replaced before the filings were completed making it impossible for them to consummate their deals. Then they were replaced with Asia Bridge who have accomplished nothing beyond being a group of arrogant fools. Some people think that Yu and John Chen CFO are some sort of business supermen but so far many of their decisions, such as this one, have gone nowhere but backwards.
I agree with you but the use of IFs is unavoidable. At this point it is useless to dream of PPS rising many dollars. No later than about the middle of November, we know whether the company will report tangible progress in these things, or not.