At times like these, I am reminded of the words of my personal trainer:
"no pain, no gain"
or
"when the going gets tough, the tough get going"
I'm just going to sit and watch a bit more panic with a view to picking up some more GXY crumbs. As was said before, the current undervaluation of GXY is incredible. There's little logic why a company with so much cash and with so much earnings capacity is priced as low as it is at present (and likely to go lower this morning).
For me, it's like: "money for jam!!!"
Yes, these quotes are a little lame and I am not quoting any intellectual giants. But, they are extremely relevant given the current state of the market and the level of "whacko-ness" the participants are currently displaying.
GXY Price at posting:
$2.26 Sentiment: None Disclosure: Held