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Re: GNMK earnings out

By: atomicbob in ABGT | Recommend this post (0)
Fri, 08 May 20 3:22 AM | 147 view(s)
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Msg. 30362 of 30749
(This msg. is a reply to 30361 by McDee)

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Re: GNMK earnings out
By: McDee
in ABGT
Fri, 08 May 20 12:52 AM
Msg. 30361 of 30749

Easy to be an armchair quarterback...........but looks like a few were waiting to "sell on the news" (earnings that is). The management thought they'd get a bump on earnings and prepared an offering. But since there has been such accumulation and not enough shares for some big buyers, this was the opportunity larger buyers were looking for. They can get a big chuck through the offering and also accumulate at these lower prices, picking up shares for the long term. My gut tells me this may go much higher still.


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