I'm looking at this as opportunity knocking, Mule. I hope I don't end up with egg on my face. rr
It is a guaranteed losing casino play!!!!! Never ever can stay above $2! Been saying it repeatedly! !! Has always drop back to 1.25 and below! Start reading Robert Kiyosaki "Second Chance"! All about the Ponzi scheme of the market and financial knowledge!! The one and only investment is your one and only Shopping that you do day in day out!! That is never a Ponzi scheme!! Been a 100% proven system known as Shopping Annuity ,the only one and only Annuity that guaranteed to pay you weekly when you are Alive and Healthy!!! 100% Real.
I'm not buying at this level. Two concerns:
1. GV will continue to be caught in the market downdraft.
2. 4Q is historically the underperforming quarter for GV since they completed STEC. I expect similar results for 2015. Weather was not good for GV in FL, especially in Dec, and particularly in So FL. That also carried over to Jan for Central and So FL.
Without a new contract announcement, GV will continue to flounder, striving to turn a tiny profit on the MSA strategy. You can expect it to be at sub $1 if my expectations pan out, and perhaps even before they are confirmed. Good luck!
Institutions getting out of high risk stocks before January end. Should see less institution selling as we get closer to next quarter earnings date.
And I naively thought they might actually be updating info on the website. Most recent article is nearly a year old! Hilarious!! How can anyone take this company seriously??
Its up again with a new link website link at Bayswater Development for a second ocean front Condo. Taking reservation at Savoyoceanfront website. 4 out of 8 reserved.
It looks as if at least some of the shorts are starting to cover their positions. Shorting at this level is a dangerous game, unless of course, they have information that the rest of us don't have. A third good earnings report should set things straight a bit.
Since GV is so small, I don't worry much when it has a down day, especially on low volume. Today's volume, however, has me concerned. Is this movement shorts piling on? Or does someone have information that the rest of us are not privy to?
Good question. For me it's simple. Higher profit margin business. At current margins GV will never escape losses in a bad weather quarter. That's ridiculous for a company that is in a business where weather plays a significant role. MSAs may keep the work coming in, but in the end they will be running a charity if they can't land higher margin contracts. They changed their business plan to MSAs 2 years ago and I have yet to see a contract landed as a result, yet that was their plan when they set out in this direction. I cannot project a future price target with such a flimsy outlook. Therefore, they don't receive my support. The last contract posted was MEAG over a year ago, yet not a word about it in their Qs...(scratching head). Right now it's just a speculative play in hopes that a big contract will be announced. In the meantime it just drifts lower. How low? In the current situation it would need to be below $1 before I take a serious look. Good luck!