Q: In my last question on GSY { Nov. 6/25 your answer was :
" With shares being down in the 17% range after the release, and weakness heading into earnings, we think a lot of bad news is getting priced in at this stage. GSY has been around for a long time and has managed through numerous types of environments, so we don't see much reason to think this one will be any different nor are we convinced that there is a 'severe' issue at hand at this point in time. Economic growth might be seeing a bit of a slowdown but we think they can (and have in the past) manage a slowdown fine. "
I'm not seeing any kind of a floor forming but I am seeing a falling knife . I am highly tempted to cut my losses which will largely depend on any additional comments you may have .....
" With shares being down in the 17% range after the release, and weakness heading into earnings, we think a lot of bad news is getting priced in at this stage. GSY has been around for a long time and has managed through numerous types of environments, so we don't see much reason to think this one will be any different nor are we convinced that there is a 'severe' issue at hand at this point in time. Economic growth might be seeing a bit of a slowdown but we think they can (and have in the past) manage a slowdown fine. "
I'm not seeing any kind of a floor forming but I am seeing a falling knife . I am highly tempted to cut my losses which will largely depend on any additional comments you may have .....
5i Research Answer:
Sentiment on the name is not great right now and stocks can always go lower or higher than what...