Geeknet (GKNT) is crashing today (02014.02.21) after reported 4Q'13 results. Right now, eight minutes into trading, GKNT is down almost 18%. GKNT is an important GDT::Portfolio stock, so this sucks. I sold some GKNT back on 02014.01.07 at 6 $Pi, but now I wish I had sold more. I was nervous about the Geeknet being silent with respect to ThinkGeek's holiday sales. D'oh! Borrowing from the rock band Styx I wish I could "find myself a crystal ball."
At $10.18 our GKNT investment will be underwater. The question I'm asking myself right now: At what price might be a good price to buy some GKNT?
[update::02014.02.22] GKNT closed yesterday (02014.02.21) at $14.47, which means the company lost ~16% of its market value. Volume was 225,449; however, GKNT is a thinly traded stock that had a trailing-3-month average of 11,974. Approximately 3% of GKNT shares were traded.
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