Despite a huge $50 million dollar lost in the first quarter, despite gross negligence for the Tappen Zee bridge job bid that left $750 million on the table, despite "sell stock" down grades from a number of analysts, despite, despite horrifying construction market conditions, and despite the ongoing large drop in the Dow Jones index,GVA stock has only dropped about a dollar.THE KEY QUESTION FOR LOSERS TO EVALUATE IS WHY THE INDIFFERENCE TO MARKET CONDITIONS?
The answer is continual wash trading by the big funds that own and control GVA.. Wash trading less than 1000 shares a day several big funds control and support the stock price. Fund A buys and sells to fund B, who sells to fund C who sells to fund D who sell to fund E who sells back to fund A. This scenario is sometimes repeated hundreds of times a day supporting the stock price and giving the illusion of broad general interest in the stock..
As in and out short player we know that this cycle always ends with the stock price falling off a cliff --providing us with big time seven figure shorting profits.
We see little if any chance for GVA to be a profitable long term investment-- therefore, shorting is the way to make money.