GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: micromike who wrote (976)	1/23/2000 11:36:00 PM
From: PlayTheKing	Read Replies (1) of 1571

fair comment... like i said, the street is very reluctant with geac until bergeron and company come out with something concrete. it's the classic "what have you done for me lately". another way to look at this sell-off is to assume that a number of stops are being triggered. many have bought in the $28-$32 range several months ago anticipating that something positive was coming along. when nothing did, the share price has steadily declined as investors became impatient. with last week's prices trading between $22-$25 that represents almost a 20% drop from previous levels. many investors set losses between 10%-20% and, IMO, we are beginning to see these losses being triggered. but then again, i may be completely off and you may be correct in your assessment!! bottom line...if results come in below expectations and the reason is because of the JBA acquisition i would expect a bloodbath. i have money on the sidelines ready to jump in if that is the case!! PlayTheKing

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