I only got to listen to the first 1/2 hour of the
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Posted On: 12/03/2018 11:31:47 AM
I only got to listen to the first 1/2 hour of the conference call and then I had a meeting to go into. The first 1/2 hour sounded good though. The stock price action is actually much better than I thought. I never thought it would stay at $18.99 and did think it would drop to $1-$1.50. The fact that we are at $2.70+ is very good and a triple from Friday. That's like the share price going from $18.99 to $57 overnight.
Bad thing is my TD accounts do not have the dividend shares so I show a huge loss for the day so far. The fact that many did not get their shares yet, could be helping the stock price though. We don't have all that sell pressure, if there was going to be any. The volume so far today is just under 600K, but that is equivalent to about 28,600 before the dividend. GNBT has been averaging about 25K shares per day, so that is about twice the normal volume, but not 21 times the normal volume.
Bad thing is my TD accounts do not have the dividend shares so I show a huge loss for the day so far. The fact that many did not get their shares yet, could be helping the stock price though. We don't have all that sell pressure, if there was going to be any. The volume so far today is just under 600K, but that is equivalent to about 28,600 before the dividend. GNBT has been averaging about 25K shares per day, so that is about twice the normal volume, but not 21 times the normal volume.
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Disclaimer: Of course, all of this is my opinion and you should not make any investment decisions based on my opinion. I have not received any non-public information.
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