Selling pressure Has the selling pressure finally subsided? Have we turned a corner? Will Batman rescue Robin?
Stay tuned, folks... See you next time; same Bat time, same Bat channel.
In the last 3 weeks, I increased my position by 40% from where it stood on Jan 1, 2013. Nibbled on a few at 89 cents, and then a whack load more at 82 cents. Thoroughly enjoyed watching the share price continue to drop thereafter... made me feel all warm and fuzzy inside. I've become so accustomed to losing money, I actually forget what it's like to make any.
Wish I had a crystal ball to gaze into. I don't, so I can't. But what I can say is, my money is where my mouth is (or fingers, as the case may be). We cannot stay depressed at these levels forever. When the turnaround comes, it'll likely be fast and furious, as GCU has REPEATEDLY shown an ability to skyrocket over a 2 or 3 trading day period, to the tune of 30% or more. Then, we'll all be lamenting how we "should have" done this or that, when the shares were trading so low. Having flagellated myself in the past for these type of boo boos, I figured I would jump in heavy. You make money doing the opposite of what others are doing; "buy when there's blood on the streets" is the quote Mr. Buffett is famous for, I believe.
Obviously, I don't know where the bottom is, but I sure as heck hope it's here. For all of our sakes. Except gog.
Long live the GCU longs, and go, Shelley, go.
Batman