drernie, Keep that kind of talk up and I'll have to take a cold shower......lol
Sentiment: Strong Buy
Just had to mention that a classic cup & handle has formed and looks like over the next few days it will be testing the handle($2.32). If it breaks over that I expect new traders to start buying in. The next test will be the cup itself($2.47). A lot more traders will pile in if this is broken. A sustain upside trend would follow.
I'm just pointing it out to watch, I don't have any plans to trade off of it.
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I believe GV is in turnaround mode. Backlog greatest in history up to $287M, EPS of $.05 for the Sept qtrt with higher margins, and CEO saying he see the Master Service Agreements backlog having a significant impact on operating results beginning the current quarter(Dec qtr), and now the CEO buying another 12% shares says it all !
This is still the case...........many day traders have never read a 10q and couldn't care less about fundamentals.....all they know is GV is not marginable and they need that 400% DTPB....
So, John Sottile is 66 YOA,.. the age for 100 % SS retirement benefits. Not that he needs them, making $800K a year. My point is, that at full retirement age, he just took 60% of his annual salary and put it into his own company's stock. On top of the 1,700,000 shares he already held,... $4 million dollars worth. I doubt though, that we will see him retire anytime soon, with that much riding on the success or failure of GV's strategy of expansion. Accumulate, I say.
Yeah, for me time to be adding to a long position is now for sure ahead of next quarters report. I am glad that the masses haven't noticed yet..
This purchase should definitely catch some attention on the Street. With the market at the highs, there aren't that many insiders BUYING.
Must been after hours trade to boost the price up and to release news to kick it higher next week or the news of purchase release to show the purchase from another day!! Now let see if it can break $2.60 on a permanent base going forward !!!! Resistance is still stiff !
I would also like to see some of the other Executives buying. Since they don't receive Stock Options, they don't have any non-pay skin in the game.