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GRDO was a great channel play for a month or so in December. I think times are changing...time to hang on and patiently wait for the reward. GLTA whatever your strategy may be. Just don't stoop to kicking the dog unless you have proof or subtantiated reason. I agree with some of the frustration on timing issues but still no reason to think that GRDO will not emerge to be the premier competitor in this industry.
Good day all...I have been pretty quiet here for a couple of weeks...so have many others. I think the reason is that this lull was very predictable. I know for mee I haven't even cared to look at my account from day to day since Jan 4th...I made the assumption then that things would be very quiet until mid to late January. Knowing that my shares were safe and no reason to sell I have just quit following the day to day stuff. Most of it is just garbage anyways.
Just wanted to make a couple of observations
First, There should be no need to worry. No reason to believe that GRDO will lose any value as long as the positive IR updates are flowing. This is always good news but not tradable news. At least we know that the risk is very small here and the potential is high.
Second, The time to start watching is now...I suspect Watson desires to unleash the bigger news but is being very catious to make sure everything is in place. I do think that he has changed his PR strategy to include ONLY accomplishment and much less speculation. When the bomb does drop it will be big.
It is pretty easy to hold on to GRDO knowing what the potential is. Maybe some of the naysayers should follow suit and quit complaining all day every day, that can not be fun and adds very little value. Plus it makes some of you look pretty foolish. I know a lot of posters that are taking the same outlook and thus we have lower board posts. IMO patience will pay off and so far we have zero reasons to believe otherwise. Hang in there dogs...can't be long now.
To have this much lack of interest, yet the PPS remains stable for the most part is a great sign...The dog is quiet for now but there are a lot of silent dogs ready to pounce soon. If there were any legitimate worries out there the support would have been broken long ago.
Morning pound...
Haven't been posting much lately. Just wanted to check in and see what is up. I see a lot of ridiculous negative posts out there. Sheds a little light on the importance of an education. Getting close to mid January, I have been busy, Got a new job starting on Monday so I have not even been watching my GRDO...just check in once in a while. January hasn't been what everyone expected so far, hopefully the second half of the month is packed with more trading fun for all of us. All I know is that it is a good time to sit on my shares and wait...however long it takes. Great things coming soon.
I have to hand it to the mod's here. Some things just aren't worth reading, let alone responding to. But you guys keep the true information and facts out there for everyone at face value. Keep up the good work and I will check in later.
The PR from monday is a undoubtedly good news and good information. This type of PR will help to build support and it will get a few others out in the investment world to at least take a look at GRDO...IMO any positive information about a public company posted in a syndicated PR will eventually help a company. The problem with it is only in the short term...It was less than expected due to the built up expectations. Those expectations were put out there by Watson himself and then exaggerated by many on investor boards such as this one.
Perhaps Watson knew that this PR would stall any kind of run in the short term and therefore hurt short term investors and help the longs...it is still possible, I guess, that he really doesn't care about the effect that PR has on the PPS, but if this is the case then why put it out to start with? Of course he knew what the effect would be.
It seems to be a calculated effort to let long term investors know that work is being done, it will take some time, but progress is being made daily. I like the format of this PR much better than any of his PR's that have hinted to upcoming news and time frames. This PR simply states the facts and tells us about concrete improvements that have been made without eluding to anything else. I think that we will likely see upcoming PR's that are much the same, announcements of things that have been accomplished rather than announcing things that they are working on for the future.
If this is the pattern that Watson is setting for PR then I think it will be a positive thing in the future. For example I would much rather see Watson announce contracts that have been signed with corporations rather than announce that they are in negotiations with a company...These types of announcements leave little room for speculation.
The more I read the latest PR the more I like it. Not necessarily for the content but for the pattern that hopefully continues with future PR...Making announcements about milestones that have been accomplished rather than future goals. 2010 should be a great year for announcing goals accomplished instead of Goals being worked on.
Shouldn't be long now...I hope. It will definitely be fun watching the PPS get to where it deserves to be. I do not get into predictions as only the market can really tell but I do know that we are undervalued right now. I know I talk a lot about flipping shares here on the board but I would really rather see the dog run North. I know it will happen soon and I know that Watson is diligently work to that end...It just doesn't seem to be happening as quick as most would like. There are a lot of expectations out there that GRDO is on the cusp of being the next yahoo or something...Myself, I think that GRDO will gradualy stair step from one level of support to the next with moderate to good runs then consolidation periods. Seems to move more like blue chip stock rather than a pinky...
There could be a very nice run to the next level if and when we get news about uplisting and reporting...Definitely a fun stock to watch and support...even if it means having to range trade now and then to break the monotony during the consolidation periods.
Two solid months of consolidation with great support. Support has no doubt been established around a penny...first sign of new blood and the dog will come to life IMO
Well...when you only have hundreds to work with you do what you have to do to make a few more...One day I will grow up to be a big DOG!!! Then I will have to change my strategy...I realize this. I am pretty confident that the major players are not going anywhere soon because there is no way I would if I held a large portion of the float. Since none of the major shareholders are leaving and there is no sign of "new" money coming in, it is a pretty safe strategy for a while. I do appreciate the fact that there are those who could break the cycle as Carter says...but I will bet that none of you are willing to do that just to get rid of a few flippers. There is too much at stake. The way I see it, if the long Dogs here can run on and on about making 1000%, then you all can help us little dogs catch up ;D
Well...I will never be negative about GRDO...I think it is a great business plan. I will get frustrated for a while when things don't work how I would like them...but then I try and change my strategy...Yes it is all about making myself money applying a strategy that works to the existing conditions.
The best thing is, There are so many people on here pushing to BUT BUY BUY...it makes it easy. My share count has increased almost 30% since November and the PPS is still in the same neighborhood as around the first of November when I first bought GRDO....
That being said, I am anxious for Watson to try and catch the flippers by releasing Some earthbreaking news...I just don't see that happening soon. I have learned that when W says "By Jan 2010" That really means sometime in February or March...The PPS will rise up in anticipation of news by mid January and it will be time to rinse and repeat....lol. That is just my theory...Maybe I will be way wrong, but I keep enough shares locked up that I will be happy either way.
Instead of being so upset all of the time, some of you need to find a way to make things work to your benefit...Eventually the PPS will find higher support and the cycle will repeat itself..
It is all about being willing to change your trading style to work in different situations.
I would argue that the events as they have unfolded over the past 2 months have benefitted the flippers here more than the longs...Take a look at the chart, very predictable.
I have to agree with Rams on this one...Yesterdays PR could have easily been released before Christmas in lieu of the IR page update on Dec 22nd and we would still be coasting along waiting for the bigger PR's in January because Watson would have kept his word regarding a mid december release. PPs would have likely maintained in the .012-.0125 range. Instead, Watson makes a big to do about not wanting to release PR into the end of year market in the interest of shareholders. I see nothing in this sequence of events that has really benefited long term shareholders, except for maybe keeping the PPS lower so that traders can either flip shares or add more for the long haul. The problem is, most of the true longs that are aware of GRDO are already in unless Watson has some friends that are trying to add shares right now. Based on the volume today though, there are not many still willing to add at these levels.
Uh oh...Last post of the day for this cheep skate IHUB Freebee. Thanks for clarifying that Kop and Nob...I still think that you all are the best MOD's out there! I rarely read the other boards though because I have no interest. I do think that GRDO is definitely a great vehicle to make some money, I would prefer it be from a huge run North though instead of range trades.
Here is the deal, I am relatively new to trading and do not have a lot of shares, but it is what I can afford...I tinkered with it a little over a year ago, realized I was not smart enough to make good decisions, I cashed out, read a lot, now I am back more as a hobbyist than a real trader...but I have fun with it.
At the end of the day, all of my funds are back in GRDO. GRDO trades very thin and it is not likely that I will ever have more shares out of play than I think will get filled in one or two orders. This is because I recognize the potential energy building here and I will not be caught chasing. For me, the real play here is long, but I will continue to occsionally flip shares to increase my position and to entertain myself during the volatile days like today.
I do appreciate the larger players that post here and continue to work to make GRDO the best pick for 2010 in micro caps!! I am a little jealous that I do not have more shares, maybe one day.
Have a great evening all and I will see you tomorrow.
Nice summary KOP...I would assume that you are talking to me with this post. Maybe you should send your thoughts over to Watson...He is ultimately the one who has created this trading pattern with his overly anticipated news and then multiple let downs. I do not know if it is intentional or not, but when Watson posted the last IR page update he did two things...One: he killed any momentum that was building up to a mid December news release, Two: he set the stage for the last little increase in anticipation of January news.
Today he busted it by PRing news that really isn't news to most of us here.
As long as this pattern continues, traders will continue to take advantage of an obvious range trade. I for one would love to see GRDO take of and break through current levels of resistance but it needs a catalyst. Right now, the only catalyst that Watson has provided is one for the PPS to continue to cycle. You are a trader, otherwise you would not be here, you can not fault people for taking advantage of a trading pattern that was set up mostly by the CEO of the company.
I will agree with you that there are those who will post complete BS and lies to try and promote this pattern...I for one don't see the point in lying and trying to P&D, I try to state pretty much what I observe. But the thing is, everyone who has ever traded stocks had to see this coming on Dec 22nd...
What I observe is a CEO with either bad timing or who is intentionaly trying to keep the PPS from breaking out to the next level. I am not saying that GRDO is not a class act, because I think that they are...and yes I do believe that anyone flipping shares is trading on thin ice and we could break out any time...
I think everyone here is a little frustrated with Watson's PR machine...perhaps some are afraid to vent that frustration in public for fear of being labeled a basher...
For anyone who views it as unethical to buy low and sell high, perhaps trading is not the best choice of activities. When GRDO does break out, I will be here cheering her on, and there will be those of you labeling me as a pump and dumper...go ahead, I am going to make the play as I see fit for the existing situation...If the time comes that there is reason to believe that GRDO will make a solid break out then I will play that play accordingly...Go ahead and read all of my prior posts, you will see that I have never manufacured deception, but I do post what is on my mind and with most stocks, those sentiments will vary from day to day, the Market fluctuations will attest to that.
If ever I flip GRDO my money goes right back into GRDO...I don't even watch other stocks. I pick one that I really like, study it well and then I don't get my funds tied up in another mess when GRDO runs. I have found that sticking with one favorite in pinky land works best for me. I don't have time to watch any others...I did make a small play in HESG in NOV but sold and bought more GRDO. Even now, I only play with about half of my shares...The other half are locked up for the long run. Wether I make more money by flipping a few shares is hard to say but it is entertaining. All I know for sure is that I have been able to increase my position in GRDO and that makes me happy:)
On another note dogma, I like your optimism. I do believe that a majority of the fluctuation today is from investors who have been around in GRDO for a while. The positive thing about todays PR is that it is out there where other investors will see it and perhaps we see an influx of new $$ here. This will only strengthen the long term PPS and support will be even stronger at .01.
The true value of todays PR will not be reflected by the short term PPS but will help with the long term support.
It is a matter of opinion Dogma, some believe that the big PR should come first then follow up with smaller stuff to keep the momentum going. It usually takes more than today's PR to get the ball rolling, as the market has demonstrated.
The fact is, the PR was positive, just less than what everyone was expecting. I will take a little positive over a lot of negative press anyday, but the market will react as it did today on the sentiment of a let down.
The good news is, regardless of the sell off, it should bounce right back...I am counting on it.
Again, I have been very up front with my trading strategies...When I am flipping shares, I say that I am flipping shares, when I am frustrated I post that I am frustrated, When it is time to lock up my shares tight and sit on them, I will do so!...but yes LIMPTOAD, you are absolutely 100% correct, you can tell a lot about a person by the screen name...LOL!
If you read my past posts carefully, you will notice that I have never badmouthed GRDO as a company. I do show a little frustration with the PR's, but that is why I decided to take part of my shares and make short term plays. There is no doubt that GRDO is going to go big...It just isn't happening right now. I will be here when it does, guaranteed!
The way I see it NOB...I have already increase my share count more than 30% in the past month by flipping shares...so if there is a 1000% increase by the end of year?...do the math!
Sorry if I come across as one having no patience...I am actually very patient. My shares would have never changed hands had there been zero news. Contrary to what you all may think, I am very pro GRDO, It appears to be a great company, I don't see any reason not to believe in the company in the long run. I think that Watson is a great CEO but he should hire a professional to handle the PR releases, thats all. I will still be here in the end of 2010 and maybe longer. The only thing I am saying is that Watson has made it extremely easy to flip shares, so I did...As soon as there is reason not to flip shares I will hold tight for the long run.
I am being upfront and honest with my strategy and if that bothers you then don't read my posts. I sold some shares on Dec 22nd and bought more back the following week. I sold some shares this morning and have already bought them back...Don't fault me for being aware of an obvious pattern and taking advantage of it. The main purpose for flipping shares is so that I can increase my Position in GRDO...This is the only penny stock that I watch at all and it is because I do believe in GRDO both for the long and short term trades!
I suspect that there are many more on this board doing the same thing, they just don't show any transparency.
It will only be my game as long as Watson continues to make it so easy. I would like to see this thing run hard north as much as anyone here...I just don't see it happening unless something changes. I could definitely see this growing 1000% in 2010...Thanks to Watson he makes it easy to make 1200% plus on a 1000% increas in the PPS. It would be pretty easy for him to put an end to the flipping if he so desired...
My theory is this...This stock will not run again like we all want it to. Three times in the past 2 months, the charts were looking great, momentum was there, then Watson killed it for some reason. Watson for some reason is fixated on killing the run every time it starts to develop. Look at the charts for the past few weeks. GRDO was my favorite long pick for a while but it is rapidly becoming my favorite stock to flip. It is no wonder why new investors are afraid to get in here...one of two things have to happen soon. Either we run out of buyers and we continue this cycle, or Watson starts to show some consideration for the PPS and we start to see some real movement North. Until then it is just buy at .01 or lower and sell at .0125 or higher, rinse and repeat...
Maybe PR# 2 will be another PR telling us about the great PR's that are going to come out in the near future......Someone needs to tell Watson that this only works for so long...After being burned once or twice people stop falling for it!
Hang on there B...won't be heading north for a while now...The .09's have to bottom out now, maybe even a little lower. I doubt that the shareholders that held this up above .09 last week will have the same resolve now that we can all see that Watson is playing games with us.
The problem is this falconed...The people are clamoring for a PR so why not put out a PR with usable information. There is much better news,the Kendra Todd Video shoots for example, that we know is out there. If you are trying to just get a PR out the door, why not use some news that will mean something. We all know it is out there.
Looks like a good opportunity to recycle a few more shares for me...This stock flips better than a mickyD burger.
It is not that we want things immediately. It is just that Watson puts so much pre PR hype out there and then dumps the garbage. We waited 2 full months to get an official PR, that was much hyped, and we see this. This is worse than his IR page blunder on the 22nd of Dec. There has got to be more to it than we can see here. Surely his IR people know that they can not keep dumping on the shareholders every time there appears to be some decent momentum. I see this as a very intentional attempt to beat down the PPS. All of the faithful dogs worked pretty hard to keep the pps poised for a decent run this week and then Watson fails to deliver once again. There will be no one left to buy at the ask if he keeps doing this!!
Good Morning Dawgz...and HAPPY NEW YEAR!! I have been pretty quiet here past few days but it is nice to see the Dog holding her own on the slowest trading week of the year...Bring on 2010, the year of the Dog!!!
Another big fat green candle...I like it. She is looking stronger than I expected. I thought we would have this kind of day on the 4th...but I am not complaining...Locked and Re-loaded for 2010 :)
Very promising considering still only 2 mil volume. Doesn't look like anyone is going to risk selling shares at this point. Now if we only had a little buying pressure to go with the thin ask we might get somewhere...just a few days left IMO.
Nice Day Dogs...My little flipping craze ended today, got my last almost 100k this morning at .009, a few last week at .009. Looking good from here. Watson's little tree shake memo did wonders for my share count going into the new year...I can't wait. Looks like there are some strong hands here. I was hoping to get back in lower than .009. Glad that I did not wait any longer. The rest of the week should prove to be a little up and down but should close strong end of week. Looking forward to 2010 with my new and improved share count. Congratz to those who got in at .009..I doubt we see these bargains again...ever! Doing what I can to get into the million share club, got a ways to go though...I need more powder!!
Have a great evening all!!
Shouldn't be dismayed Dog...they will all be back this week or next. You have to remember that GRDO is still a non reporting pink sheet...When people realize that there will be nothing new for at least 2 weeks, that is a long time for penny traders. They will all be back...I know i am...lol.
The thing is, those that have done some DD know where this is headed, those that have not just look at it as any other penny stock. For myself, I am pretty sure there is enough support to keep PPS over .009 so no need yo worry. I have to be honest though, the IR update on the 22n't was good news for some, including myself, it was a golden opportunity to flip a few shares. I am sure there are at least 5 million shares worth out there just looking for a window to get back in. If we stay above .009 until wednesday, i think we will see some buying pressure and be looking good by end of week.
This is my take on things...take it for what it is worth.
Good morning Dogs...Great day to get back in here. Picked up 97500 this morning at .009. I didn't sleep very well knowing that there are only 4 days left to get in before she runs. I think we see a little buying pressure moving into Monday.
Watson gave us a great christmas present...a chance to flip a few shares on the 22nd and get back in for cheap cheap...We should see nothing but blue skys from here IMO. Possibly 3 more days of churning then we go North.
I hope you all had a great Christmas...Here's to an even better New Year!!
Is that a promise...LOL
I do believe that things must be going well with GRDO as a company...Possibly Watson and crew just wanted to buy a little time for a well deserved break...I expect them to resume position and be better than ever for the new year.
Once the "Happy Holidays" greeting went up on the website, I would think that it is safe to say that there will be no developments or news until Jan 4th at the earliest...That is just my take on the situation. Until then I will be there on the bid or lower...You all can hit the ask all day long but I don't think there is enough fire power or volume until 2010. Then I would expect a nice run North.
I am not trying to bash GRDO...it is still a great play, just not the time right now.
I am counting on Watson hitting a pr on time...which will be after the holidays. I typically wouldn't take the risk but here we have a CEO saying that there will be no news until next year. I don't see him putting out an unexpected PR that would further damage is credibility with timing PR's. If he does put one out, it will make him look like he is just trying to hoodwink investors...then I would probably run anyways.
Probably not worth the risk in most cases but this was just an obvious opportunity to increase my POS thats all. We will see what the new year brings. All I know is that I will be bringing more shares of GRDO into the new year than I had last week and it did not cost me a dime.
You can't tell me that anyone here did not know what the outcome of Watsons last IR page update was going to be. Yeah...I know Watson may surprise us next week with an unexpected PR that will shoot the Share price to the moon...but I will take my chances that that is not going to happen...After Jan 4th, anything could happen, I don't advise taking any chances after the holidays and at that time I will have all of my funds back in GRDO. 2010 will most likely be another great year, hopefully others willl see it that way. But I still see room to go down early next week before we recover from the last IR page fiasco.
Nor have I but when the pattern becomes painfully obvious you have to change strategy once in a while. At one time I was super positive about this stock, and I still am. I will take this opportunity to increase my shares here. It is like a gift from Watson. I will be back after the holidays with a larger position...Then we will see from there.
I refuse to sit here and hit the ask and try to get everyone else to give support when I know that next week is going to be a grind...
I am not saying that I don't believe 100% in GRDO long term but I don't see any reason not to increase my pos when the opportunity presents itself so nicely.
All I know is that Watson made it super easy to sell some shares monday and get them back next week under .009. My christmas wishes may come true after all...
I have learned a lot about GRDO...when news is promised sell on the anticipation of news. Buy back a few days after the PR doesn't come out. Simple as that. Watson is making it pretty simple for the flippers here.
I am not so sure that will work after Jan 4th but for now it is pretty easy to guess what the pattern will be until then...I say we hit .0085 or lower befere new years.
Well...just keep on hitting the ask then like we have been doing for the past two months...I am sure the MM's love you for this.
I like how mm's keep jumping up the ask when the pps goes down. They have our number, they know that someone from the pound will tap the ask and then they walk it back down...Knowing that there will be no news, who would be trying to buy right now? Now it would be better to wait until end of next week to even consider. i know this sounds like bashing but W has set the tone here for flippers to have a hayday..