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General Steel Holdings, Inc. Message Board

  • vtylehnde vtylehnde Jan 11, 2013 10:32 AM Flag

    Getting attention

    GSI is ranked the first on NYSE 100 top buying list at nna100 website this morning.

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    • craigjones26 Jan 11, 2013 1:49 PM Flag

      But only 14k shares traded so not many noticing... This stock needs volume to get noticed and volume will come with predictable filings and then showing some profit.. Then it could be a monster stock but the company seems to have no filter for understanding what shareholders find of value..

      • 2 Replies to craigjones26
      • They speak Chinese and not English. Seriously, we need some good news to be released and the completion of the filings would be one of them. Do you realize that this fiasco with the accounting problem started in Sept 2011

      • I'm stunned at the small volume day after day, I think the first trade today was 348 shares. just went and looked at the dates of the company's announced share buy-back programs, first one was Dec. 21, 2010 (2 million shares) and second one was March 27, 2012 (2 million shares) so essentially they are removing 4 million shares from a public float of only 34.5 million shares which IMHO is ginormous.
        Short ratio per the Wall Street Journal is only 658,189 on Dec 31, 2012 which is only 1.91% of the entire float, so there's no real chance of a short squeeze driving up the price because it will only take $700k to cover the entire position. So, that leaves us with good old demand, which brings us back to low volume, which means peeps aren't interested, so someone will have to start a rumor and then we can finally get in line with the analysts opinion which has a high target (forever) of $4 per share.

        Sentiment: Strong Buy

    • hope ssssssssssssooooooooooooooooooooooooooo

1.210.000(0.00%)Jul 18 3:58 PMEDT