Mark Skousen just gave his Forecast & Strategies subscribers a "sell GLAD today" recommendation. This was based on lackluster performance last quarter. I am a subscriber that is holding. Last time Skousen gave a "sell GLAD" it dropped even more immediately but was up about 40% before the next quarters financials.
I don't subscribe to Mark Skousen's newsletter, so I take your word for his recent recommendation. Assuming that's true, digest this information...
Mark Skousen and David Gladstone shared the stage at the Las Vegas Money Show on May 10 and 11, 2011, where they co-promoted the Gladstone Companies in a seminar titled, "The Three Dividend Paying Stocks You Should Own."
Since then, Gladstone Capital has not made any announcements. Is Skousen admitting incompetence, insider information or is he just full of shit?
See schedule of events - http://www.intershow.com/class/webChart/loadChart_M.asp?day=5/10/2011
Las Vegas MoneyShow - http://www.moneyshow.com/TradeShow/las_vegas/moneyshow/main.asp
A financial adviser named Mark Skousen put a sell alert out on this stock today. I have followed him for 25 years and have 3k shares of GLAD that I am going to hold...but a lot of his people are selling today.
Stock traded as thin as GLAD move sharply on news like that as we see today. It should recover over next couple of weeks....we'll see.
He said book value went down to 11.18 per from 11.80 share or something like this after the last financial report. Anyone know the book value at this point?
Best to everyone....Soulfood
i think someone just sold off a huge # of shares at market price...this absorbed all buy orders and just started knocking the price down. i wont be surprised if we close back above 10 today. good buying opp imo