Actually buy up to $1.10 - target first tranche at...

Actually buy up to $1.10 - target first tranche at $1.01.

Valuation circa $1.80 based on FYE 2012 EPS of 12c and apply a PE of 14.

Let's face it if Wall Street has a few tremors, plenty of GXY holders will wet their pants and sell down for a song -that is certainly my experience, I generally only buy when the VIX is high.

Good prospects for GXY but patience required. Trident recommendation will increase depth of buyers.