Back to levels never seen before since.. two weeks ago People are forgetting this is an illiquid smallcap, volatility is its nature. What I would focus on are the higher and higher lows. A single retail buyer could temporarily spike this up a few cents and that would already be +5% or more, and just one retail seller is enough to dump it back down. That's how early and illiquid this is. I believe at this stage, many buyers are choosing to be patient with lowball bids. After all, there's no hurry to FOMO into the ask if you already have a satisfcatory core holding.
End of the day, this action is all noise and what matters is how much business GSI.V will be able to bite into from the nation-wide hardware upgrade cycle (FAST act) among other opportunities.. and the timeframe for FAST act is basically now, until 2027. Hold or increase your position if you bet they'll snatch more business, OR exit and sell your shares if you don't believe GSI.V will win any more contracts. The stock price going up or down 10 cents now won't matter in either scenario of GSI.V going to zero or the moon. Size your risk tolerance accordingly
There may be competitors, but even 1 contract is huge when market cap is at 60 million. And with a nationwide upgrade cycle, can all the existing companies even meet all the demand at once? Hard to say when vast majority aren't publicly traded, but let's keep in mind GSI.V was second and almost won that LA transit contract.
Now that we're just going sideways with volatility, I have a reminder on my calendar to check back for earnings next month. Good luck to all with strong convictions and see you all then