RE:GSY(PUNCHING BAG REVISITED)duplex5696 wrote:
AFTER RELEASING ITS LATEST SUPERB QUARTERLY EARNINGS, THE STOCK MOVED UP TO A SHARE PRICE OF 19,80.. iN A FEW SHORT TRADING DAYS IT RETREATED OVER 5% AS IT ALWAYS DOES AFTER PROVING TO THE MARKET THAT IT IS GROWING ITS EARNINGS AT A SUBSTANTIAL CLIP, GOING FORWARD PROJECTED P/E RATIO SHOULD LEVEL OFF BETWEEN 6 TO 7. NEVER UNDERESTIMATE THE INSANITY OF THE CANADIAN RETAIL INVESTOR.
It's pretty much what I said would happen, we just haven't gfallen back to the $17 level...yet.
It's time for a strategic review on shareholder value creation. This stock is only correlated to the market during down drafts. Even when the results are good and the overall market is going up, gsy doesn't move.