3SOF

Quote from: David Randolph on August 17, 2007, 07:32:06 AM
GSB fell 52% from top to bottom in four trading days and I don't have an appropriate adjective to qualify the nature of the move.

Let me just say that I don't think Garoh is right when saying:

QuoteA stock losing almost 45% of its price in 4 days with strong volume , there must be something wrong with company that we don't know !!!

I read the latest 10-Q filing, the press release and heard the conference call and there's nothing wrong with the company or its prospects. Believe it or not, I guess what happened was a lot of people wanted to sell because of general market jitters and not a lot of people were watching or inclined to buy GSB, as most walk away from small caps when the general market is bleeding.

Fortunately there are some smart investors outthere, like Michael, who recognize value and took advantage of this great buying opportunity.

As far as I'm concerned, it may take longer than four days for GSB to be at $5 again, but say six months from now I see it at $8, because fundamentals will probably keep improving (as secure file sharing and wide area file sharing servers will just keep growing, with or without general economic growth) and I see the stock as very cheap now, trading at 5.7 times next year earnings (my estimate goes for net income of $10 M in 2008).

I'll continue holding GSB for the long term, despite the shocking price action

David we just want to make sure there's no bad things about the company 

If I looked to the chart for the first time I would say that this company is going to bunkruptcy 
It was going down like a rock coming from the sky with volume much more than average volume ... I put a stop loss at $4.77 for 60% of my shares and it took it in a few minutes after the the open in last tuesday ... people were selling like crazy !!

anyway todays close is very important for the whole market , If we get a bounce with strong volume this will mean we are at the bottom and next week will be cute 

I still trust your good work david ... keep it up 

What just happend to GSB???  I had a GTC order in and myy 500 shares just sold at $9.75!!!!!!!!!!!!!!!!!!!!

QuoteDavid we just want to make sure there's no bad things about the company

Sure Garoh

Look, GSB is at $9,999

Quote from: DragonAMG on August 17, 2007, 09:37:43 AM
What just happend to GSB???  I had a GTC order in and myy 500 shares just sold at $9.75!!!!!!!!!!!!!!!!!!!!

Wow, consider yourself the luckiest guy on Earth DragonAMG

But just if you buy back your 500 shares below $4

Quote from: David Randolph on August 17, 2007, 09:40:00 AM

Quote from: DragonAMG on August 17, 2007, 09:37:43 AM
What just happend to GSB???  I had a GTC order in and myy 500 shares just sold at $9.75!!!!!!!!!!!!!!!!!!!!

Wow, consider yourself the luckiest guy on Earth DragonAMG

But just if you buy back your 500 shares below $4

I am definitely buying it back!!!  Now I can also afford to stay in the market and a subscriber of this site... I was starting to lose my a$$ 

Wow, I have $22,000,000 worth of GSB.  Wish I knew what is going on here...

Tokyopua,

me too, let's get David to start up a hedge fund.LoL... looks like it is coming back down now.

Oh well for one day I had a 22.5 million dollar portfolio

up 75%..wow.

I sold something for 5.95

Quote from: capricho on August 17, 2007, 09:54:21 AM
up 75%..wow.

doesn't matter imo, bid is only at $3.41 ...

I only see 1000 shares traded so far and bid at 3.51
Don't open the champagne bottle yet. Congratulations to babouk

GLTA

Quote from: David Randolph on August 17, 2007, 09:38:46 AM

QuoteDavid we just want to make sure there's no bad things about the company

Sure Garoh

Look, GSB is at $9,999

man if this is true I would quit the market and buy an island in Fijji 

my acount is 41 million now because of GSB 

When these anomalies occur I repeatedly recall the following unconfirmed gossip
running around traders:

Market Maker signals for shares:   

100 - I need shares   
200 - I need shares, but do not take the price down   
300 - take the price down to get shares   
400 - trade it sideways based on supply and demand   
500 - gap the stock, in the direction of the 500 trade   

Quote from: jorgegr on August 17, 2007, 10:15:32 AM
When these anomalies occur I repeatedly recall the following unconfirmed gossip
running around traders:

Market Maker signals for shares:   

100 - I need shares   
200 - I need shares, but do not take the price down   
300 - take the price down to get shares   
400 - trade it sideways based on supply and demand   
500 - gap the stock, in the direction of the 500 trade   

I would be quite happy if it just stays in the $4 range it has hit now, though the low bid still doesnt seem to move...

jorgegr, can you explain these signals, I dont think I fully understand.

Quote from: tokyopua on August 17, 2007, 09:48:52 AM
Wow, I have $22,000,000 worth of GSB.  Wish I knew what is going on here...

Hehe, a day to remember

I guess what happened was someone gave an order to buy 1,000 at the open at the market, and because there weren't any offers in the market, he ended up buying the 1,000 all the way up to $9,999. I guess all trades above $9.75 were cancelled, but it seems DragonAMG got away with his fill at $9.75, the high of the day