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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: DanZ who wrote (20168)	6/29/1999 7:37:00 AM
From: Ron McKinnon	Read Replies (1) of 53068

Hi Dan I know the amount of time your have put into this stock; you likely know more about it than 99.99% of people if one goes through all the yhoo posts somewhere in them is just about everything positive or negative about this company and its stock I kind of know where you are coming from on this one after we had NITE in the pre split 5 range; took a small profit; then watched it go up 20 to 30 times you are thinking GUMM will be a double/triple by year end or so and don't want to miss it you have made the positive case; I can't add a thing and the negative case has been made on yhoo as well the only two things I really can't make a knowledgeable comment on are the recent insider sell and the details of any possible stock impact from the financing so my 2 cents is just this it's a matter of timing and "opportunity" costs is one better off holding a large position waiting ot better off using the cash to trade other things then jumping on GUMM if/when it runs if something very positive happens my guess is a 90% cnance that one could buy in at 12 or less; so about a 20% gain loss could one have earned that 20% or more in other stocks while "waiting for GUMM"? in addition there is the possible risk of loss down from here so I guess what I am saying is if one feels they could better employ their funds eleswhere during this "waiting" period they should; if not then buy GUMM and wait clearly the chart has gone into a super tight range so a break either way "may" mean a good sized move in that direction fwiw I looked over my records; traded GUMM 4 times; 3 wins, 1 loss; total return on average funds invested was appox 27% if one forgets that real money is invested in this stock it is a bit funny to read all the emotional posts on a stock that trades so few shares; clearly there are some people who are very emotionally invested in this one anyway all the best to you on this baby; hope you beat your upside target I have an upside alert set so if it does take off I'll try to help the upside by jumping on board somewhere/sometime

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