I'll put it this way...How many people would have even heard of GSW if they never made those misleading announcements in the first place? Well, without those announcements, the SP most likely wouldn't have sky rocketed in 2017. This jump, is a key factor for many investors to take notice & naturally buy shares. I am sure many people bought at $2 thinking it would quickly rise to $4, and some bought at $4 (Fidelty) thinking it would rise to $8 etc, based on the array of so-called enterprise guaranteed contracts announced in 2017.
Healthy sceptics can help happy HC readers avoid getting caught up in the hype & allow them to question the validity of the data presented.
Roofy, along with others, does just that!
At no stage is Roofy laughing at others on HC who may have lost their $$ that bought in 2017 & 2018. Roofy is merely warning those to not fall for the same trap, but wait for the quarterly & judge GSW on operating revenue growth & new customers, not necessarily other announcements (i.e. board directors).
GSW Price at posting:
32.0¢ Sentiment: Sell Disclosure: Not Held
