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GLH - Global Health

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I had a skim read thisi morning and agree with your analysis. I think as a business, the accounting treatment in itself is not a huge red flag - it simply remains to be seen whether the investments in the past will translate to earnings in the future. But as an investment, buying at current prices involves a leap of faith assuming the above is true, and leaves one with little margin of safety.
 
I took a trade in GLH today at 49c ~ seems to be some sort of support at this level and a double bottom, 48/49.
 
So_Cynical said:
I took a trade in GLH today at 49c ~ seems to be some sort of support at this level and a double bottom, 48/49.
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52c close today, very small scale trade-able i reckon, core business has potential...double bottom looking good so far, looks to be bottoming to me, 6 months chart below.
 

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I was in this for a while back and got a pretty good ride out of it.
It really did overshoot value though when it started getting pumped up.
Was looking for a re-entry but it never fell far enough to get me back..

I think it's current level is pretty reflective of the business from a value perspective.
I like to follow these trades you take so_cyn...you seem to have a knack of picking them well, good luck sir.
 
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