Re YesterdayFrankly, the news on GSI’s stellar last quarter has totally taken everyone's breath away. Yesterday, most posts merely expressed relief about the turnaround. Going forward, I hope posters speak to the amazing possibilities that were discussed on this board well over a year ago. For whatever reason, it didn't happen, and the agony of GSI’s precipitous SP fall has returned us precisely to the starting point. But Isn't that serendipidty? We get a second chance!!
But I tell you this: Apart from that second chance, there are many other things added in to make this a most fortuitous moment.
Let us examine the technicals: the share price has been at its current low for quite some time! The persistent buying at this remarkable bottom has been going on for months! Given the company’s prospects, you’d have had to be dumb not to buy shares at these fire-sale prices. This comment refers to the new buyers who didn’t have all the painful memories of we old investors. They didn’t carry the baggage of that menory. So they willingly bought. Add in the 2.26 million shares purchased yesterday alone, (which gives you an idea that there are plenty of people out there that are quickly getting a pretty damned good idea of the possibilities here.
So technically, what has happened is that the share price center of gravity for the bulk of the shares is right at the bottom. I hope you understand the import of this. We’re lookin’ at the rock of Gibraltar here!
But ya gotta think about some of the competing entities in GSI’s space that would cotton to the significance of this special moment and want to get a chunk of GSI,- just in case some entity, (everybody looking at everybody else ) might take a run at Dyment’s gem.