Post of the Day
January 31, 2000
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Re: Take a Deep Breath
It is refreshing and decidedly positive that we have many thoughtful and realistic people who both attend and post on this board. I have to agree with Scott that different methodologies concerning investing, trading and speculation are all welcome and encouraged to post their beliefs, thoughts and actions. It is also nice to see that there is no unrealistic cheerleading nor any grossly misinformed bashing on this board...
There are many different ways to view any investment and each on this board has different time frames and emotional tolerance to any investment they may make. I noticed that someone posted that they were impressed with the way I have been able to trade this stock. That is because I have definate goals and prices in mind BEFORE ever thinking about the purchase of any equity. This is the trader mentality in me. No qualms, no indecision-action plan taking a position and action plan to exit. For some, this is a longterm, put it away investment, sort of like the ATT of our parents/grandparents time. Nothing wrong with that either. For some others, an intermediate term holding, buy low and sell high investment. But for all, a stock that holds great potential. My personal trade on Friday was one of opportunity, I was being given an acceptable price and took it on both the buy side and the sell side. No reaching back in the brain saying 'it could go higher here', done and forgotten rather quickly.
As I have suggested in prior posts, remember to keep your investment horizons in mind when ever taking an equity position. Trading is not for everyone, in fact, it is for the very few with the capital, patience and time to ferret out the opportunities which are available each and every day. Speculation is also not for everyone and there are people that need the action of trading who are incapable of LTBH because there is just not enough patience to wait. Please review your own personality and temperment before delving into any investment, it will be well worth your time and effort.
|"...review your own personality and temperment before delving into any investment, it will be well worth your time and effort."|
That being said, I would like to reflect on some of the fundemental analysis which has been posted and address the technical aspects of the current trading environment in GBLX. There has been a number of secondary news stories which have been floated recently concerning GBLX, but none which would directly inpact the price of the stock. In other words, we have been getting press releases about Hutchenson and Tyco but nothing from GBLX directly which would cause the stock to move upward appreciatively. That could be one of the many reasons why we have seen the price move into a trading range rather than moving up or down with any momenteum. Secondly, the overall NASDAQ overextension has not helped, only real news would move the stock countertrend to the current NASDAQ trend. I would be leery of upward moves at this point without a positive news release, we will get upward moves in the NASDAQ in spite of increasing interest rates, those are technical bounces because if you look at any chart of any equity, you will see upward movements occur before the selling begins again in earnest.
Technically, I feel that we will see a trading range for the time being. That range will be between 45 and 55, with a breakout above or below those numbers being the new intermediate term trend.
In response to the emails I have been receiving concerning GBLX, I would like to say that it is nice to have so many people asking for my opinion on the stock, but I have to caution all that my approach is my own, it is the approach that I fully accept and understand. My posts to the board are to enlighten and to 'speak', not to pump a stock and dump when I get everyone in (besides, GBLX has too big a float for my influence to hold any weight!). I am posting the signs that I see, nothing more and nothing less. I hope that it has helped those to evaluate their own investing style but I feel that there are some who would like to emulate my style and impose it upon themselves. Please take the time to fully understand and develop your own investing style and comfort level...I cannot stress this enough!
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