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Technology Stocks : GTIS: Is there a better bet for Christmas sales?
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To: V. who wrote (150)12/5/1996 2:06:00 AM
From: RJC2006   of 432
 
Bravo Vicki! Encore! (something to finally cheer about) Just to elaborate, it's 10%-20% higher revenue this Q over same Q '95. I have to reemphasize this as many have forgotten this inescapable remark. I thought that Xmas holiday season has never been particularly kind to markets. I don't believe in "January effects" as a science but the truth is there is a strong urge for taking positions toward the new year. I too was not about to jump ship over a story such as this and besides can a company that generates this type of revenue really warrant a price below what it closed today. I kept a steady eye on volume through most of the day and when it seemingly bottomed out at 7 3/4 (or thereabouts) I noticed that there were about 5.5 million shares traded. It held that mark through 3+ million more shares. There might have been a lot of dumping today but one thing is for sure there are about 3 million shares holding a base at 7 7/8. Wonder if they all did this using your mentality (mentality-referring to your idea of doubling down)? If so then I wonder if there will be a high volume spike at 9 or 10+. Actually this will be an interesting one to watch in terms of volume. I will be keeping a close look on it.
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