Slip sliding awayI remember a while back when I wanted alot of GBK shares...I was able to save quite a bit of money buy selling about 250,000 shares of GBK...long story short saved almost 25% a share buying them back the same day.
Today the share price reflects that we gave about half of our prime real estate to the eskimos and polar bears. I don't know if the bottom of this stock will be 0.16 or 0.12 but I"m 99.9% sure that in the next 6 months we will be at 0.40. If you can, load up big time at this price.
Couples4 gave me a pantload for buying a what I think is a very nice european convertible yesterday. We both agreed that this is pretty much the bottom but I told him that I have a law that I must spend 10% of my winnings. Poison pill ends next week, but that must be the same coincidence of a pp at 0.15 when stock is trading at 0.21 and one week before at 0.27.(wink) Below I will post who is responsible of todays action, another coincidence!!
Because of my history in penny stocks, this is what I wiil resume: 2 months ago if the chinese offer 0.40 a share , we all get together to give them the great Canadian finger>>>, at 0.16 everyone says: hey more than a double WOW!!! Funny how a piece of real estate(land) can vary so much. Oh by the way, the company we bought out 2 years ago and got all shareholders convinced to accept 0.80 for 100% of projectis the same company presently hiring for production in 8 months. I'm a bit old for a threesome, but with the money all 3 managements have made on our backs lately maybe at the signing party they will be young and thin. I'm in!!
Mr. RS, I've been out of country, will reply to a couple of your wise questions tomorrow.
| House Positions for C:GBK from 20111108 to 20111108 |
| 7 TD Sec |
240,000 |
38,480 |
0.16 |
0 |
|
240,000 |
-38,480 |
| 9 BMO Nesbitt |
105,000 |
16,767 |
0.16 |
0 |
|
105,000 |
-16,767 |
| 85 Scotia |
54,500 |
8,942 |
0.164 |
15,350 |
2,378 |
0.155 |
39,150 |
-6,564 |
| 80 National Bank |
27,000 |
4,320 |
0.16 |
0 |
|
27,000 |
-4,320 |
| 2 RBC |
25,000 |
3,859 |
0.154 |
0 |
|
25,000 |
-3,859 |
| 15 UBS |
24,500 |
3,923 |
0.16 |
0 |
|
24,500 |
-3,923 |
| 14 ITG |
23,000 |
3,680 |
0.16 |
0 |
|
23,000 |
-3,680 |
| 22 Fidelity |
18,000 |
2,790 |
0.155 |
0 |
|
18,000 |
-2,790 |
| 81 HSBC |
10,000 |
1,600 |
0.16 |
0 |
|
10,000 |
-1,600 |
| 19 Desjardins |
4,700 |
752 |
0.16 |
0 |
|
4,700 |
-752 |
| 57 Interactive |
200 |
33 |
0.165 |
100 |
16 |
0.16 |
100 |
-17 |
| 59 PI |
450 |
70 |
0.156 |
900 |
151 |
0.168 |
-450 |
81 |
| 54 Global |
0 |
|
3,000 |
450 |
0.15 |
-3,000 |
450 |
| 62 Haywood |
0 |
|
103,000 |
16,480 |
0.16 |
-103,000 |
16,480 |
| 1 Anonymous |
25,000 |
4,125 |
0.165 |
435,000 |
69,866 |
0.161 |
-410,000 |
65,741 |
| TOTAL |
557,350 |
89,341 |
0.16 |
557,350 |
89,341 |
0.16 |
0 |
0 |