Its a @Thesimmos Buys Boom Day. You'd have to say - of all days to buy a stock you picked it. Must be all the good kharma you've acquired.
GMM is one of the smallest dilutions compared to value, and mostly tightly held shares that I know of.
In 2014 67% was held by the top 20. That dropped to around 40% in 2015.
But chances are there that the vast majority of this stock is in very large hands now. And they're going nowhere. They know what Michael Fotios has done before with GXY and NST and others.
Whether or not we hold 50c or higher by close of trade is immaterial. We have crashed through 40c and 50c in a week.
We are only just stretching our legs and there is no reason to expect any of us to feel nervous about running out of steam. When GMM pauses it just sits there, in GrandMa mode. Sleeps for a bit. Waits.
We only get to play around with a relatively few amount of shares and now we have a fantastic scarcity of sellers in a scarce boom commodity.
I posted a couple weeks ago that I felt we were about to cut the string from the 10c chain to GXY but I didn't thing it was going to go so EPICALLY VERTICAL so quick.
...ok I lie ... did actually
Winner winner chicken dinner for all holders.
GMM Price at posting:
50.0¢ Sentiment: Buy Disclosure: Held
