Gatekeeper Systems Inc V.GSI

Scotia influence

[Ciao]

50K sell orders at .82, .83 and .84, lone orders at these levels this morning, not broad based selling

[kidl2]

Scotia did the same thing yesterday. Lending a helping hand to some people looking for a lower entry point? If so, it won’t last very long. House Positions for C:GSI from 20240409 to 20240409 House Bought $Val Ave Sold $Val Ave Net $Net 85 Scotia 24,850 20,328

[Ciao]

Agreed, it's not broad based selling and won't last long. We just hit a 52 week high a few days ago. Let's see when some deep pocketed investors or institutions come to play once they complete their due diligence.

[freeedom45]

Totally agree... Scotia last 3 days providing liquidity that the market has no trouble absorbing. 

[Ciao]

If Money Mark was able to confirm his 2024 EPS estimates, I would be a buyer today. Looks like Scotia moved / pulled their sell orders and sold just 50K. Sell orders are light up to .88 now.

[kidl2]

Ciao … GSI doesn’t need to hit Money Mark’s lofty targets. It just needs to continue on its current operating path to provide very healthy returns for shareholders.

[Ciao]

I don't disagree at all. It's trading at about 11 X current earnings based on our estimates here. But if  EPS are much higher than what we believe, then I (and likely others here) would be willing to add more and it comes down to how much is one's comfort with an unbalanced portfolio.

[ronron]

to put into perspective, each of those batches is only $40K for a company now worth over 70 million). Feels like one big retail investor's just eager to de-risk and trim their position after the big rise for GSI.V the past year. No matter how good the valuation is even after the stock price increased, we're held back by that trading psychology and it will take time to re-rate the valuation