MM, I do not want to be perceived as a "down-ramper" because I am not. I do not hold the stock at this very moment but I love GNC. I trade GNC and I think it is an excellent business. And I think you are right. Even more so if the XJO index gets hit by a small correction many have been predicting lately. If that is to happen we have two driving factors that may contribute to a further fall;
1. Negative sentiment based on a more conservative earnings announced the other day.
2. A small correction
If 1] was to bring another 40-50 cents in the SP reduction and if 2] happens I speculate that it too would bring another 40-50 cents in the SP reduction. That is precisely why I am out. If that is to eventuate I will throw some considerable funds (sub-6) in GNC and wait 3-6 months till its SP does another U-turn. Pick $1-2 per share and offload it then, again.
Simple. Just sharing (outloud) my strategy.
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Last
$9.15 |
Change
-0.050(0.54%) |
Mkt cap ! $2.052B |
Open | High | Low | Value | Volume |
$9.19 | $9.28 | $9.09 | $4.161M | 454.0K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
3 | 2924 | $9.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$9.18 | 3113 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
3 | 2924 | 9.140 |
4 | 8311 | 9.120 |
2 | 3971 | 9.110 |
1 | 2213 | 9.100 |
1 | 2213 | 9.090 |
Price($) | Vol. | No. |
---|---|---|
9.180 | 3113 | 2 |
9.190 | 4224 | 3 |
9.200 | 8372 | 3 |
9.210 | 2220 | 2 |
9.220 | 5064 | 2 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
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