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Technology Stocks : GateField (GATE)
GATE 36.05-1.3%Apr 1 12:00 PM EST
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To: jm who wrote (3720)6/16/1999 12:10:00 AM
From: Laszlo  Read Replies (1) of 4005
 
It's down to 5/8...your chance to get out over .80 is probably long gone. I warned you......it'll probably drop well below 50 cents before long. I wouldn't be surprised to see it under $3 post-split. Reverse splits are bad news for shareholders.

GATE will probably do fine longer term, but I'd wait until it settles after the reverse split. Look at AERN. They announced a RS when the stock was around .80...it dropped to under .30 and has not recovered, even though the reverse split was aborted.

Laszlo
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