Tuesday, October 14, 2014 1:15:33 PM
Just as with GRCU, FIT% spiked to more than .04 back in April of 2013. A couple of months later, it was trading approximately where GRCU is trading now. After continuing the downward drift, a couple of quarters later the stock was trading above a dime (and could have been exited at above .09 for several months).
So my point is as follows. Stocks will go up and stocks will go down. But there's an interesting phenomenon that occurs when a stock's price drops for a period of several months. The lower it goes, the more attractive the proposition of exiting the position occurs. We see the downward trend, and we project the future trend line in the same direction. After all, it has been going down, so isn't it logical that it will continue to go down. The reality is that it will continue to go down until it no longer does. And no one can predict, with any sort of certainty, exactly when that directional change will occur.
And very often, when the shareholder is feeling the most pain, that turns out (in hindsight) to have been the best time to be adding to your position in that stock.
As always, simply my opinion.
GRCU
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