Post by
fergus2 on Jul 31, 2021 1:31pm
Fidelity
I'm glad to see Fidelity buying, if only to soak up a few million shares from weaker hands. If they do get to the 10% suggested by davewho, (no cakewalk to pull off mind you), Fidelity would have to pay more for them.) No reason to think they wouldn’t either, as they have already purchased a substantial number at higher prices. I also get the strong feeling with Fidelity, that having more shares is what they desire.
But to nail a 10% stake would be a new development, another level if you may, given GSI’s current bite on the transportation business, matched to their array of products lines, and Septa contract, -giving them a clear lead over many competitors. It’s the stuff that could lead to new investment capital and partnerships for GSI
Hitting that lofty level of 10% should tighten up things along the way for all of us!
My post is highly speculative. Don’t feel compelled to rush out to buy GSI on Tuesday; Fidelity will likely be doing do it anyway.
But in the scenario of retail versus Fidelity, the latter’s purchases would seem to give GSI a more focused direction. Perhaps we long term holders should stand pat and let Fidelity do their thing. It sort of securitizes a sizeable swath of shares that can be dealt as a single entity for positive change. Why get in their way? They certainly can do things that I can’t as a retail investor.
Comment by
fergus2 on Aug 02, 2021 9:21am
Cole Porter remarked that the song he would have most liked to have written was Laura. Ronron, the comment in your post that I would have most liked to have placed in mine is: If this is legit, then whatever Fidelity's doing is very bullish. It's the kind of development you expect/hope to happen to any promising microcap that still has 0% institutional ownership.
Comment by
IDLE_ii on Aug 04, 2021 3:50pm
Nice to see Fidelity on the buy again today and a slight uptick. Still pisses me off that we are still off by 50 ish% from our 52wk high. Keeping the faith!!