This post was made on 4/28/2010 while I was bullish on GDHI. After the Q1 financials were posted on 5/15/2010 I sold everything and became bearish after it was revealed of the massive dilution. Seemed like a no-brainer to me. I sold at a level 2.5X the current level.
Looks like I made a great call in recognizing the CHANGING TREND and then acting accordingly as new data surfaced. Saved myself quite a bit of $$ by getting out when I did.
On the other hand I am not surprised you are so far underwater on this stock and have continued to buy at every drop in PPS thinking it was a bottom only to see it drop further. This is because you only forecast linearly, believe the PR's and don't adjust your investing strategy as new information surfaces or a changing environment dictates even when it is staring you in the face. You also can't even read a chart that shows decling PPS on volume. Hint: this means lower PPS ahead.
So I'm not surprised when you bring up old posts as if they are somehow revelant. I bet you read old newspapers and magazine too.
So let's see, I saw the changing trend and got out and recommended everyone else do the same and the PPS has continued to decline for another 4 months from there. Everyone else on the board said buy buy buy and the PPS when down down down so why should you believe them now? Seems I gave the only good advice don't you think?
Just remember Enron told everyone "everthing is OK" right up until they imploded, Lehman Brothers and AIG both had AAA credit ratings the day before they filed bankruptcy and as Bernanke assured us, "the subprime credit crisis is contained".
Yes all is good at GDHI today, Frank said so! Only 2 million shares traded yesterday...? You should be loading up at these cheap levels!
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