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Strategies & Market Trends : Z Best Place to Talk Stocks

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To: pat halm who wrote (22935)4/6/2000 8:24:00 AM
From: DanZ  Read Replies (2) of 53068
 
GUMM.

Pat,

There is no justification for the current valuation of GUMM based on expected fundamentals. The market isn't always in sync with the fair value of a company, and IMO, GUMM could double from 12 just to get back to where it is more reasonably priced based on expected revenues this year. The stock is broken technically, but eventually the fundamentals will support a change in the supply and demand for the stock. The stock bounced off 12 a few months ago before it ran to the 52 week high at 36. It closed slightly below that yesterday, but it's too close to call this a breakdown. There is also several months of support at about 10. One of these days, I think that the stock will have a reversal on a big up day.

Dan
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