Nothing scary about this stock and company to me. I would never invest in a company that I had to make statements like "we're not six feet under yet" and "this stock AND this company is a little scary".
I've been here for a little while and would say there have been some storms that have blown us off course at times. However, GTE has always course corrected and has made huge gains on the path to success. When I look at where we were at the beginning of 2004 when I first found the company and bough in I am amazed at the progress. The company has the potential to be much larger than I could have ever imagined.
If short term SP bothers some of you, well consider the fact that as of the middle of March there were 6,611,500 shorted shares. Those shares have artificially pushed the price down. Don't try telling me they have covered in the last 2 weeks. I hear it every month and every month the number of shorted shares goes up not down.
Once in a lifetime a company comes along that defies the norm. I believe when GTE moved to AMEX some saw an opportunity to make a killing by shorting the company out of existence, because they believed the company would never accomplish what it set out to do. As others saw GTEs vision and bought in the number of real shares available shrank considerably. I have added and I know of many others who add whenever they get a chance. The shorts have had to sell more shares every month to try to hold the price down. Every time they try to cover the price climbs too fast for them to gain ground.
No, IMO this company is not even close to being six feet under, I put it closer to the stratosphere.
Have a good day, I will because I have total confidence in GTE. If I did not I would not being invested.
Kevin
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