Q: If you own/follow GSY you can't help but notice that this stock has been sell off hard daily. Why is GSY such a popular target for the manipulators even when it reported great earnings and raised dividend to that level?
Any theory? Thanks.
Any theory? Thanks.
5i Research Answer:
It is just that type of market; there is fear and aversion to small caps. Investors are worried about a recession and even a takeover of Canada. Then, selling causes more worry for holders and selling begets more selling (because it is down). GSY has had very big drawdowns in the past, but has always recovered and its record of earnings and dividends is impressive. But the stock has fallen more than 50% in other cycles, and certainly not risk free. But it is certainly interesting here for long term, patient investors.