(Total Views: 296)
Posted On: 12/29/2020 3:32:26 PM
Post# of 36564
Since so many of you "liked" my last post, I will reward you by purchasing 5K shares at .186. I never thought I would be buying shares at these sub-par prices again. It feels a little sickening to be buying down here.
Not that it means a lot, but I don't feel good about this market past mid-January. Once the mutual funds do their buying and we all realize that the worst of COVID MAY be in front of us, the market may tank. I sold a lot of positions today, taking small to fairly large losses, so that I could accumulate cash.
However, overall market conditions mean little to a stock like GNBT/NGIO. If anything, genuinely good news seems to have a greater influence on the share price, because there is so much red everywhere else and anything green seems to shine. That's my story and I'm sticking to it.
May I be wrong, as I usually am.
Not that it means a lot, but I don't feel good about this market past mid-January. Once the mutual funds do their buying and we all realize that the worst of COVID MAY be in front of us, the market may tank. I sold a lot of positions today, taking small to fairly large losses, so that I could accumulate cash.
However, overall market conditions mean little to a stock like GNBT/NGIO. If anything, genuinely good news seems to have a greater influence on the share price, because there is so much red everywhere else and anything green seems to shine. That's my story and I'm sticking to it.
May I be wrong, as I usually am.
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