RE:RE:Earnings release and tax loss sellingIn general, companies release good news early and delay bad news. I really doubt this is the case here given historically how year end results have historically been delivered in the last few days of the year and how Doug has been optimistic for Q4 and 2023 (and even 2024 with a nice backlog going in so far).
During the holiday season, illiquidity and tax loss selling can distort market moves and the trading over the last 2 days has been odd. GSI's share price was closing in on the 52 week high of .50 at .49 when it reveresed course for the day and then carried the momentum to the following day. This has absolutely nothing to do with fundamentals, it just the noise in the markets. We'll know how well the company has done in Q4 and in the immediate future based on Q4 financials, the MDA and in another 5 weeks, Q1 2024 results. Patience is needed. Keep in mind that Doug holds 9.3M shares and he isn't in a hurry to see a small pop in his net worth based on Q4 results, he's keeping his eye on the prize / end game and so far this year he is executing on the business plan.