Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
What we need is divine intervention...
If one were smart enough, one could make a living flipping this stock for a penny a day. A one penny move from $0.39 is a 2.5% increase, but if one has the brains to do this daily one can become rich in time.
I bought GTCB at ~$0.39 late this afternoon. Hopefully she will start moving from the lower left to the upper right on my screen.
Time to be optimistic? Or....
jesse, you are a lovely man, but until the trend changes and we go from the lower left to the upper right on the chart words are meaningless. Trust what you see, not what you hear. What we see is a stock that is still moving from the upper left to the lower right and I just don't see that changing.
A directional change from the upper left to lower right to the lower left to the upper right. I don't know when if ever this will occur, but I will let you know when it happens. Until GTCB moves higher, it will continue to move lower.
I really don't think it matters one way or the other. Couldn't they save money in regulatory expenses by listing on the pink sheets or the OTCBB?
Instead of being a seller on rallies I now want to be a buyer on dips.
Great news today, but the revival of Cox's credibility may be the most important news not reported. Being able to buy at any price below $.60 is a gift at this point IMO.
$1.23 - $0.36 = $0.87/$1.23 = 70.73% drop from the high of the last 1 year to the low.
If management's objective is to complete negotiations by the end of this quarter, that still leaves room for finalizing the agreement of the negotiations into the next quarter.
Will you be in attendance?
The trend is intact, moving from the upper left to the lower right :(
GTCB had every reason to roll over and die today with oil prices gushing higher and the unemployment rate spiking and yet it moved higher in the face of a market that fell 3% today. For some reason there is a bid for GTCB and it wants to move higher.
croumagnon, you are more fickle than my girlfriend. Like her, you change from day to day depending on which way the wind is blowing...
I pulled up a 2 year graph Dew and it is interesting to note the two year persistant downtrend that has plagued this stock to the tune of almost an 80% decline peak to trough.
Is there any hope for this POS?
I don't know whether Cox can't get the job done, or hasn't gotten the job done. I do know that this has been a bad investment, and whether it's just bad luck, bad timing, or bad management I don't know and I don't even know if the man behind the curtain pulling the strings even knows what the hell is going on here...
Is GTCB a good buy at $0.46 Dew?
croumagnon, it wasn't too long ago you were saying that GTCB was the safest stock in the market and safer than JPM. What has changed over the past couple of months?
It's hard to imagine anything positive happening here. There have to be better places to put your money in this market. What a frustrating stock to own, or has just everyone given up and don't care anymore???
what a difference a few weeks make in one's thinking...
"So you think GTCB is a safer buy than JPM?"
No doubt about it. All financial stocks are currently in great danger, including JPM. This economic problem is not going away anytime soon even if the FEDs and the JPMs keep trying to shore it up...
Tomorrow they may lower interest rates by a full percentage point and the market may take off. But what will they do the day after tomorrow, and the week after, etc. This market is about to have a serious meltdown IMO and all the FED can do is postpone the inevitable for a while...
As for GTCB, its value is inherent in what they offer and it is in a sense dislocated from the economy. At these prices, it certainly is the safest stock out there because diseases and drug production costs are not going away even if the economy is in trouble...
Why are we tanking? What is going on here? Dew? anybody? answers...
Is GTCB on the right track?
Billy Shatner? Are you serious???
Please don't hate on crougmagnon. He is doing what master trader, former hedge fund manager, and now television personality James J. Cramer would do. Mr. Cramer calls it trading around a core position.
Instead of selling the rallies, I think buying the dips is the way to go here as the psychology has changed and remains firmly bullish.
Markets turn before society changes its mood. Society dwells on the past and belly aches in the present. Markets on the other hand are forward looking, and deal with future hopes and expectations.
croumagnon, if wishes were horses, we would all be riding. The risks here have become elevated, but so has the potential rewards. Cheers.
johns, one must consider a shifting in societal moods and changes in risk appetites when making marginal decisions to buy or sell.
LOL, My mother always said not to be penny wise and pound foolish. When people are fighting over a 1/100 of a penny you know it's a tough economy out there.
Instead of a reverse split GTCB should be listed on the pink sheets or OTCBB. In fact, this move I believe would save the company money because they wouldn't need to incurr the costs associated with Sarbanes-Oxley. If at a later time when the company is successful and the share price is around $4-5 and they want to go back on the Nasdaq to attract more investment capital they should apply to get listed on Nasdaq again.
I didn't know you had a twin Dew
http://investorshub.advfn.com/boards/profile.asp?user=67599
Insiders buy for only one reason. They feel the price of the stock will move higher.
The Cox put??? Evidently the buck stops at $.50. I feel comfortable building a position at this price.
The biggest trend over the next 10-20 years in the U.S. is going to be towards health care cost containment. If GTCB is what everyone thinks they will play a role in this trend. The future is now! Lets get this ship moving in the right direction Cox. Show me the money!!!
>>What's interesting (to me at least) is the assymetry of population that execute these two polar opposite runs.<<
It could be the same person! It's all about the MOMO. These types are affectionately referred to as lemmings.
banks are only as solvent as the perception of their solvency. How do you put a value on something that isn't real? Fear is a much stronger motivating factor than greed. People don't run on a bank to make a deposit...
This is good news for biotech investors. Stable and functiioning markets are what we need. Now granted if you invested in BSC you are screwed, but as long as confidence is restored in the capital markets, biotech investors should do well considering they do not suffer from economic risks.