RE: Anyone out there to temper expectations?Thanks for the analysis folks.
I bought blind on this one, not what I usually do. I bought just an initial position with room to add more on news/price action.
I'll be doing my DD on this one to see how much I'd like to own, or maybe if I want to sell it all off.
From the quick pass I took over it, this stock does have reasonable properties that would value the company at a lot more than the current 6-8 cents.
I haven't crunched my numbers yet, but I'd say that the 10-12 cents mentioned by another poster is more of a bottom. I think the ceiling is higher.
I agree, should not own based on being sold. That's a fools game, but it's something that has to be considered when analyzing the risk.
Again, I don't normally jump in blind, but name recognition, style of play, and remembering the other well in production is too tempting and I'm expecting a good day tomorrow.
But that's why I asked for dissenting opinion, I don't like to pump and pump and read only good stuff. I want to know what the fears are.
GLTATL
King