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This price dip in GDGI shares just goes to prove how much emotions are at work in the stock market.
I mean, we KNOW that the Levy's are going to be convicted, that over 2 million in debt will be erased, and that 5.6 million is going to be turned over to GDGI (or whoever owns it on Jan. 15th).
It is just a question of 'when' the share price rockets up, not 'if'.
You'd think the CEO died or something.
Using the same logic about emotions at play, it is not hard to imagine GDGI shares shooting up to a totally unrealistic level after the good news gets announced; then settling back to some kind of sane level. Who knows how high that unrealistic level will be.....20 cents, 30 cents, 40 cents, or 50 cents?
Incidently, there are tax advantages (if trading outside of a Roth IRA) in selling some stock for a profit in the early months of 2014, as opposed to late 2013.
You can use all the profits until April of 2015 instead of April 2014, instead of having to pay a chunk to Uncle Sam.
(Unless you have back-up withholding on your account.)
We are talking almost 3 months delay till sentencing on 1/15/14.
But the news from Ben about the Levy money not making much difference in light of something big coming soon, should be seen as an incentive to 'hang in there' for the rally that is to come in the short term future.
We will just have to keep watching the GDGI page on a daily basis
because it could jump while one is not paying attention.
Its great to know that money is not going to be an issue.
All the more reason for me to think we 'rock and roll' by November 14th. IMO
Go GDGI!
The deadline for the 3rd quarter 10-Q report is November 14th.
I don't see why GDGI would not get current by then.
Then again, there might be a long delay in getting the
5.6 million; a small part of which might be needed to do so and also issue a PR.
Just a reminder, the 3rd quarter 10-Q financial report to the SEC is due by November 14th. Less than a month to "showtime"!
The getting back to normal for GDGI could not have come at a better time. The Fall is the time of the year when more money flows into small cap stocks, and consequentially, the price moves have a greater potential to the upside.
Somebody dragged the price back to .004 with only 400 shares.
I countered with my 1,000 share buy at .0049. Put the order in at the end of the trading session.
I just heard on the news that Google stock went over $1,000 a share today. In the news section of Google on my Scottrade site,
it cited a stock with the symbol FNSR where the price/earnings ratio is just under 100 to 1.
Just think, if GDGI mirrored that kind of P/E ratio, all it would have to make in profits would be $.001 per share to bring a 10 cents a share price. An annual profit of just $250,000 would amount to that $.001
My last bid was for .0041. I am wondering who sold to me for .004 when the Ask has been at .0049 all day.
Go GDGI
This is what I did. My original bid was for 6300 shares (I was rounding out an odd number in my total shares held ) @ .0046.
That didn't show up on the Bid side. Then I lowered my bid to .0044. Finally, I set my bid @ .0041 then later got filled @ .004. As soon as it got filled, the volume total went up by 10,000; which was 3,500 shares more than my order.
The only legitimate reason I can think of for my bids not showing up on the Bid was that my order for shares was too small for that to happen.
No, it was a straight order with no A.O.N. stipulation.
I have a bid in that is higher than .004, so something is a little skewed here.
Go GDGI
Early in this year I made a prediction that someone said was really stretching things a lot. I had predicted that GDGI shares could reach a dollar a share by late Spring of next year.
Now it appears that the prospects for this happening are a very real possibility. It could be that we see such a price under a different symbol as the result of some kind of merger and/or a reverse stock split.
Go GDGI
I just picked up another 200K shares of GDGI.
Steve;
Concerning your statement:
"that's when a successful private company gets acquired by a non-productive public company also called a shell."
This is not correct. A reverse merger is where a private company buys out a public "shell" company. --Perhaps this is what you meant to say.
More than likely it is a link to find what a product, that is sold on the site, will cost.
What usually happens is that when the major market flounders, or goes down somewhat, small caps get more money flow into them.
The shutdown ended anyway. At any rate GDGI is in good position.
Yes it was, and someone got 120K @ .0047 before I did and the Ask was 10K before that trade too.
Go GDGI, in spite of the tricksters in the market.
Just before that last 500K was traded, I got 200K @ .0047.
What makes it real suspicious is that I could not get a fill at .0044 earlier.
Volume just jumped another 500K!
Go GDGI
GDGI stock trading volume went up over 300K in the last hour.
Yes. My last 250K order was broken up into 3 separate trades.
I just bought 500k shares @ .004.
Go GDGI!
Its good to see GDGI moving forward in spite of the naysayers and 'doubting Thomas' posters.
Go GDGI!
Steve;
Gnosis posts as if there is considerable doubt about whether GDGI will get the 5+ million. I thought that it was pretty well settled here that GDGI would be getting that money.
Is there actual doubt, or is Gnosis just not reading enough posts to know what is going on?
Looks to me like the postings of "Lask" have had no effect on GDGI pps.
The difference between .003 and .0035 is not a big deal when you consider that we are looking at being in the pennies before too long.
I made the decision to invest in another short term venture with the money I obtained from the former sale. It was a calculated move, so don't worry that I lost a few bucks on the GDGI side.
Hey guy, I know what the term 'long' means in the technical sense.
Technically it means that you are looking for a stock to increase in value to make a profit.
There are many here who use it in a different sense to mean holding a stock longer than a few days or weeks.
It was in this context that I made the distinction, not in the technical sense.
(Realistically, I was probably making investments in markets before you were born.)
All the volume today, (100K @.0035) was me buying back some shares I previously sold. Have over a million shares and holding.
Go GDGI
Dutch has said that he will rebuy into GDGI if it gets into the 2s or lower. Is it fair to him to try and prevent the pps from getting to a point, on its own, that would allow him to do that?
Market sentiment usually dictates price per share, and right now, the general market sentiment is that GDGI is not a real good place to have one's money. We know that GDGI is a good investment, but the general market does not and we need to let go of impatience until the time that it does.
It is supposed to be a free market, and people are supposed to be free to sell at whatever level they choose.
Steve;
I think you need to drive home the point I just made to your group, because I think they are the largest part of the reason you keep painting the Ask.
If you guys would stop painting the Ask, we might all be able to pick up some more shares in the 2s or maybe even the teens.
Keep in mind that you don't lose money on a stock unless you actually SELL it below what you paid for it. So what if your account value drops for a while. If you didn't believe GDGI shares will be in pennyland down the road, why are you holding the stock now?
The Levy's sentencing is over a month away, so just chill out and let the price drift downward for a few weeks till that happens.
You need to get over this "we need to close green" syndrome.
Not suggesting to anyone that they should hold or sell their GDGI shares; that is an individual decision to make.
I am just clarifying the term 'long' for everyone's information.
If I remember correctly, the IRS has a capital gains break point at holding a stock either over or under a year. You pay less % if you hold a stock over a year than if you sell it before a year is up.
So if you have had this stock less than a year, and you are getting 'antsy' to sell it, the truth is that you are NOT a true 'long'.
Guys, we have known for some time that Ben was supposed to keep his information to a minimum. The term "long" means you keep the stock a long time, so why all this fuss?
If you can't take the wait, get out of GDGI shares and let someone else own it who can.
Slapping the Ask all the time has artificially kept the price higher than it would have been.
The smart guy is Dutch, who got out when the 'getting out' was good, and he will get back in when the 'getting in' is good.
The fact is that 95% of those who in invest in the stock market lose money, and Dutch isn't one of the 95% losers.
If you can contact Dutch, find out what his revised projection is for GDGIs pps; based on relatively new information about the Levy verdict next month.
Didn't you read Steve's last post here?
Steve;
I am wondering if Dutch will revise his former prediction of 3 to 5 cents for GDGI stock price, with the relatively recent news about the Levy's verdict and subsequent reimbursement payouts to GDGI and some stockholders.
If I am wrong, I will buy more.