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Technology Stocks : GTIS: Is there a better bet for Christmas sales?
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To: Mike Kao who wrote (143)12/4/1996 10:12:00 PM
From: Charles Bonomo   of 432
 
I think your forgetting one important thing... This company is still making money. It missed earnings expectations, but it is still in the black. Did the news warrant a 38% drop. I don't think so. There are a lot of companies out there (e.g. Geotek and Check Free) that have been hot stocks, but they have not made a dime. Today's move was overreaction in the market. This is always the case on bad news. If we see 5, it will only be because of additional unexpected bad news or a complete market sell off. Do your homework, GTIS has not exactly been sitting back and letting someone else eat their lunch. I believe they have acquired about 5 other companies in the last year. They were also on everyone's buy list until this morning. I am convinced that this is pure and classic overreaction.
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