Not many ppl have the interior fortitude to put their forecast on the line. I have published a few and have been around the mark. I called a break of $4 and I stand by a dead cat bounce. Charts clearly indicate a bottom is not formed on 1 days trading. Hope you do well but I am looking at something like $3.65 before letting the moths out of the wallet.
Unfortunately world markets will dictate the trend even though GNC will have a bumper grain intake. I paid too much last time so will not make that mistake again. Plenty of other stocks to pick from if this one gets away from me. Anyone paying $95 for APT for example should see a shrink.
GNC is a solid business but needs more strings to its bow imo. Its a 1 trick pony atm. Its a trading stock not a buy n forget stock. I will re enter at an attractive price. When buying large parcels it does not take much of a move to run up big losses......or profits for that matter, Buy Low...Sell High.
GNC Price at posting:
$4.01 Sentiment: None Disclosure: Not Held
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