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Gold/Mining/Energy : Gimbel Vision International Inc. (GBV - ASE)

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To: Cal Gary who wrote (119)7/29/1999 4:18:00 PM
From: Glen Gordon  Read Replies (2) of 165
 
Thanks for the info.

From what I can see, DS has driven every large down-tick over the past week with large sells at market. No other reason for them to do this except that they want the price lower.

The problem with this recent trend is that there are a finite number of investors available who would invest in a "Gimbel", and this Pump and Dump by DS will shake out many of them (they won't come back, either). Look at the selling - 500 shares, 1000 shares, 1500 shares - small retail investors. Good/seasoned management wouldn't have left the stock so vulnerable by building up expectations of a number of new clinics and then not being ready to pull the trigger when they needed to or having a maker ready to support the stock.

Hopefully, they are learning something through all of this - play your cards tight, and ALWAYS hold back an ACE in case you need it (The procedure numbers for Q2 aren't going to stop a slide).
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