Friday, February 03, 2006 3:02:22 PM
Depending on how many shares you have I would recommend scaling back gradually ever week that grifco disappoints, also scale back quicker on price spikes vs. troughs.
I have sold none yet.
I mentioned on the other board in best-case scenario company deserves 3 at most on scale of 1 - 10 for caring about shareholders short-term.
The number 3 will erode as the days go by without at least a mention of progress/status for jet motor, without clarification of corporate plans.
Also short-term ill treatment of shareholders is never justifiable. I think at times patience is required but that limit has passed.
I don't think one can eliminate scam as a possibility. I do think parts of the company are totally legit. Global tools I believe is completely real, but scamsters can make a better scam by mixing truth with fiction.
Does anybody know how to judge Swinford? Has anybody talked to new chief financial officer?
sam
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