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Technology Stocks : GST Telecom (GSTX) 4th quarter earning
GSTX 0.01000-33.3%Dec 3 10:47 AM EST

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To: beio who wrote (29)5/1/1997 6:13:00 PM
From: Larry Myers   of 369
 
If a firm were interested in taking a position in gst why would they not do this before telling the world they had initiated coverage and make a rating? With gst selling at 6 1/2 to 7 it has very little down side so the hold rating can have no effect on the stock price. I can't understand why so many people take such a cynical view regarding market manipulation etc. This company will someday amount to something but for now it is a development stage company losing money big time. Earnings are a long way off. It is just like the early days of the cable companies when they were building infrastructure as is gst today.

Best course of action is to be patient and buy more on the dips. If you're a long term investor and not a trader you should welcome the present situation and if you are a trader you should look elsewhere.

That's my opinion, I could be wrong and am quite often but you don't have to be right everytime to make money.

Hope you make lots of money,

LJM
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