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Microcap & Penny Stocks : GIFS
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To: J Patrick who wrote (3387)4/3/1997 8:05:00 AM
From: Lee Solomon   of 8012
 
I don't know what I'm talking about? Maybe not but I sure don't expect everyone to believe that you are wanting to borrow shares to cover a LONG position.

I've gotten a lot of flack over my "the longs are starting to win" comment. Step back so you can see the forest and stop looking at the trees. Haven't we been at $1.56 before. Just a week or so ago we were near $2.00. How much selling did it take to get us down .50, not much. There has been no volume selling. This is good. This means that most of the GIFS shares are in strong hands. Now J. Patrick posts that he wants to cover a long position and wants you to help him by lending him your shares. Give me a break, you couldn't possible belive that.

Now we do have one problem. We need new buyers. If (or when) we get new buyers GIFS will substantially increase in price as long as the strong hands hold. It's all about supply and demand. Right now there is no demand. When there is demand if there is no supply the price will rise. Remember the last run up to $2.00, we moved up on increasing volume. The reason we fell back to $1.56 is not because of selling pressure but because of a lack of buying pressure.

I'll not sit here and tell you that the longs are going to win but what I'm trying to say is that our situation is better today than it was last week regardless of the share price.
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