I am famous now. Willy blamed me for the Bubba Gump Selloff Tuesday in his newsletter which couldn't be more untrue. But check it out! I love this guys gossip. He has nothing better to do but to blame others when his pump is looking grim. Unreal. I am still a shareholder. ONWARD!
Readers,
I found out today why GBDX experienced a sell-off Tuesday at the close and at the open Wednesday. Allow me to try an explain this is a very simple way.
GBDX has many stock flippers in it but yesterday this one group at Ihub and friends heard about an insider play so they started dumping stock about an hour before the close in a big way. They had been dumping most of the day but the pressure they put on bids created a down tic on the stock price. They were so anxious to get out of GBDX before their selling collapsed the bids about 45 minutes to end of day closing they were panic selling. I couldn't understand why GBDX was experiencing all the selling yesterday at the close when this wasn't the regular pattern of trading I had been watching for the last few weeks and months. Again, today at the open, they finished bailing out and GBDX regained it's support soon after they finished selling moving back up on good clean buying ending the day at .0105 with 20,728,276 shares exchnaing hands.
I am sure some retail panic set in yesterday and early today. This is justifiable and also many had 100% or more profit if they sold at .0095-.011. For those sellers moving out taking profit I give a thumbs up. I can never say anything bad to anyone taking a profit.
I did like the trading today and expect continued upward pressure now that the IHUB group is sold out. I'll bet those boyz that received that CEO insider tip will not give them the percentage of return that GBDX is expected to give us. Longanwolve (jimmy boy) you led the selling on that information and were the least of the selling selling approximately 300,000 of GBDX. That is funny many listened to this guy-hilariously funny. Jimmy the gentlemen's bet is on lol.
Readers beyond what I just wrote I remain very comfortable with holding GBDX continuing to wait for Tender Offer to be releases in a press release. I hope many of you are content, after watching the strength coming back to the GBDX buy side today. If you did take profits congratulations for the 100% plus return on your investment.
I have sold no shares as of July 18, 2007. GBDX is also not a paid profile. No compensation has been implied to me or solicited by me. I wish those that complain could read and comprehend this.
(Shares Held as of 7/18/07 5,062,500 shares)
Onward to the Tender!
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