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Author Topic: Getty is rising  (Read 3398 times)

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« on: February 03, 2008, 12:19 »
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« Reply #1 on: February 03, 2008, 12:48 »
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It is on that chart but that is just 5 days.  The longer term chart still looks bad.  Is a buyer buying the shares or is it just people hoping a good offer will happen?

« Reply #2 on: February 03, 2008, 13:51 »
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Anyone that invests in Getty should do some research with relation to the SEC charges against them relating to poor accounting practices over the past few years.  Financials will be re-stated in the future and it's going to be a while before the price stabilizes and the company gains confidence from the rest of the market.

« Reply #3 on: February 03, 2008, 17:27 »
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Before you get too excited, you might want to look at a chart that has a little longer term, like this 2-year chart:



If I believed in shorting stocks, this is one that I would short.


 

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