Wednesday, June 3, 2009

GMR Email Dec 22, 2008 - Suspicions Correct

An email I sent one of my buddies...

Subject: My ahha moment

My call last week on GMR was genius. Just wanted to let you know. Last week was literally a gift. I should have bought some puts on top of my cashing out. Stock down 25% in 3 days working its way back to the 34% dilution from the merger. It was just too obvious that the stock's price did not adjust with the new shares that I received. It should have acted just like a stock split, but didn't. I literally received $2500 in GMR shares last week and the price only went down $500 worth; I got a $2000 xmas gift.

I'll buy more when this move down ends. Long term all these prices are too low. $2.00 divy on a $9.80 stock.

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