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Technology Stocks : GateField (GATE)

GATE 36.05

0.0%

May 23 9:30 AM EST

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To: ToolManInc who wrote (3737)	7/4/1999 6:25:00 PM
From: Laszlo	Read Replies (1) of 4005

Actually, I got out after the announcement of the reverse split at $1.0625 (late april). I took the opportunity to take a profit since I was in at 75 cents, and I've been through a more reverse splits than I like to think about...they're ugly. GATE might make a good short on Tuesday, since I expect it to drop quickly. I don't have any cash to short it right now, but others who have lost a lot of $$ might want to consider shorting after the reverse to recoup some losses. There's no way it's going to hold $6, IMO. I may buy back in after the stock settles back to its post-split trading range. I wouldn't touch it until then. I feel sorry for those of you who decided to ride it out. I've tried it before, and it doesn't work. Good luck to you all. Laszlo

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