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SOLD GMP @19.00
This is one of those very frustrating purchases, where it went down as soon as purchased, and I have to endure almost a year deep under the water. Now that I sold it, I am sure it will go right up from here. But that is not the reason. While the fundamentals remain reasonably good, it could be under pressure as I believe the upcoming quarter may be weak than expected. I see some analysts bringing down its numbers in front of its Q4/04 earning reports next week. Also, the company will unlock some shares in January, which also could bring some pressure to the price.
This is one of those very frustrating purchases, where it went down as soon as purchased, and I have to endure almost a year deep under the water. Now that I sold it, I am sure it will go right up from here. But that is not the reason. While the fundamentals remain reasonably good, it could be under pressure as I believe the upcoming quarter may be weak than expected. I see some analysts bringing down its numbers in front of its Q4/04 earning reports next week. Also, the company will unlock some shares in January, which also could bring some pressure to the price.
posted by ZIGZAG at 11/30/2004 01:53:00 PM
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