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Global Geophysical Services, Inc. Message Board

  • ddbikessamsara ddbikessamsara Aug 13, 2013 6:11 PM Flag

    Deja Vu all over again.

    This all seems eerily familiar - exactly like the Market Maker bear raid in March-April this spring:
    1)Market Makers start the walk-down with the relentless 100-share phony trades.
    2)Take out stop losses triggered by 1)
    3)"investors" (otherwise known as stupid sheep) get nervous and start selling and putting MORE stop losses out for the MM.s to scoop up
    4) 1), 2) and 3) continue self-regurgitation.
    5) Market Makers smiling happily knowing they have stolen your shares all over again
    6)Analysts issue upgrades after they and their MM cronies have loaded up on cheap shares
    7) Investor "sheep" want back in again and bid the stock up that they stupidly sold earlier
    8) MM's and their analyst pals smiling happily counting the tasty profits they made from the cheap shares they stole from the sheep.

    What a world, what a world -

    Sentiment: Strong Buy

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    • So, we know the game, we know how it's played, and so just like last time, we just play along with them. Having been through it, we know the game that much better this time around. Just be patient on the way down - I think that was the key last time.

      • 1 Reply to o08o.ugh64w
      • It's fine with me. I was surprised when it dropped back under $4 and started nibbling again in the mid-$3's and have been adding with every new leg down. I thought I was done making great money from GGS after cashing out the last go around. I'm thinking of holding this new wad of shares for the long haul because the company is peforming well and most of the library amortization (which is the SOLE reason for the quarterly losses) will have washed through by 2014 and earnings should improve dramatically. They have been taking better than $2 per share in amortization charges the past couple of years and most of that is going to disappear after next year. They should be able to earn at least $2 per share in 2015 - good for a $30-ish share price and well worth holding onto. So as you say once you know the game you can beat the buggers and do just fine. I'm just amazed how frequently this happens and how little is done to level the playing field - the MM's / analysts get to rig the game as they see fit with absolutely no repercussions.

        Sentiment: Strong Buy

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