I'm a long term holder of GTNR. If it doesn't hold up-what stock will?Just for your information, Nick Guarino of Wall Street Underground who called the April selloff of Techs is now saying "YOUR BEING FATTENED UP FOR THE KILL. The rallies we've seen since the April tech wreck are classic "bull traps"They're designed to lure naive investors back into the stock market. Make no mistake: Wall Street insiders are preparing another massive tech sell-off later this year...when they'll sighon an additional $1 trillion out of ordinary investors' mutual funds, brokerage accounts and retirement funds."
I am of a different opinion. It appears that the Fed is done tightening and the recent productivity report (+5.3%) is more good news.
The economy most likely is hitting the soft landing we need, and Americans are growing richer without igniting inflation (wage and salary growth ahead of inflation). And note that unit labor costs were down last quarter - not up.
These things seem to argue in favor of stock market gains rather than a classic bear trap.
About 100 million Americans own stock. Anyone with a good supply of brain cells and access to the internet can get more accurate info than he can digest. Who are these "insiders" you are talking about? Take a look at the unprecedented prosperity this nation has enjoyed oner the last several years, then take a fistful of Valium for your paranoid fantasies.
I think your buddy Nick Guarino might be correct in his thinking. I've been listening to Bob Brinker on the weekend and his outlook isn't too good either. He recommends a 60% cash position at this time. I like GTNR and ATMS, but right now I'm 100% in a money market fund and will watch from there for now.
FYI : Late last week I bailed out of ATMS. Two things bothered me (1) I think next quarters sales will drop significantly and (2) The insider selling doesn't sit well with me (L.Carr went far out of his way to whitewash it). I've bought many lots of GTNR starting 18 months ago. My porfolio is heavily overweighted in GTNR, and it has never bothered me. However, I am beginning to evaluate whether I should scale back some. My two biggest concerns are (1) slower earnings growth over next twelve months and (2) continued low volume (I don't think Value_King can buy all the shares if the institutions begin unloading).
However, a nice run to $16 will erase all those negative thoughts.