Tuesday, February 07, 2012 11:17:33 AM
Whatever the market determines in this short term will not change my opinion. When fundies change, then I will reconsider my opinion.
Currently, for the short term, my opinion is unchanged, which is... Funding is not good for those in above 20'ish... Was a good deal for funding investors and wish I was one of them... Super longs have no worries... and finally, Could be a good opportunity to pick up shares, especially if closer to the 20's.
I, as you apparently do, consider this good news. This keeps the company alive and allows for continued expansion. Think we are on the same team here.
However, the Market will likely focus on it as bad for the short term because of the details in the PR. Typically, details of sp, especially when significantly lower than the current sp, in an offering will see sp dip, then rebound making up about 2/3 (a fibonacci thing) of the dump, run flat in consolidation, then either pop back or continue down to reach the sp noted in the PR. This is just generally. So, could see low to mid 20's depending on the players and Market.
GLTY
GLTA
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