Oucchh!!Oucchh!!
Very much a red day today for all markets in North America. Unfortunately, GSI has gone down enough and technically speaking it could get down to $0.27 or $0.28 from here down. The S&P broke down the 200 moving average which is bad news for all markets. I am not entirely satisfy with DD but I am still a believer in the guy. I am still going to support our CEO, I believe, he understands his business really well and he is the right guy to propel this business forward, specifically now knowing that a huge amount of infrastructure money will be spent in the USA. Bidden is not a huge fan of oil & gas industry and one way he was planning to reduce emission and fossil fuel during his campaign was to increase public transit throughout all the major US cities. So I did not sell any of my GSI shares because I believe we will get Tsunami of orders from many public transit companies. We are strategically well positioned to harvest some of those contracts in the future but again, I don't a crystal ball and I could be wrong in my assumptions. Due diligence on this company is a must and I will be a buyer in the mid twenty range and if does not go down to that level, I am still very happy with my position to date and I will ride this for a much longer time. I am a long term holder and hoping to see some upward momentum by mid summer.
Regards,
Fearlessgg