The GUMMMy Bear Squad touting Gum Tech (NASDAQ: GUMM) Message Board

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Strategies & Market Trends : The GUMMMy Bear Squad touting Gum Tech (NASDAQ: GUMM)

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To: Mad2 who wrote (194)	5/21/2000 11:09:00 AM
From: DanZ	of 207

Sorry, missed a few things... The selling by all the insiders combined represented a negligible percentage of the trading volume in GUMM. I don't think that it had much of an effect directly on the supply and demand. If sales in the first quarter had met expectations that prevailed in January, the stock would most likely be trading higher than where the insiders sold and the bashers would have an even weaker argument. I have never refused to acknowledge that GUMM has risk. In fact, I have specifically written that this stock and every stock have risk. I take issue with your comments primarily because you don't give Gum Tech credit where credit is due and you put a negative spin on each and every point. In your opinion, rises in the stock are never due to positive forward fundamentals. The stock went up in February because it was discounting a good fourth quarter and what investors thought would be a good first quarter. It went down in March because first quarter sales failed to meet those expectations. I'm sure that the Quigley lawsuit and Nasdaq weakness had something to do with the decline as well. The insider selling had little or nothing to do with the decline in the stock. I'm waiting for your earnings forecasts to justify your opinion that the stock is overvalued. I have already posted my projections and believe that the stock is undervalued. Both of us won't be right. The latest institutional ownership report is out. The number of shares owned by institutions was basically unchanged last quarter (down 4,000 shares) and the number of institutions that own GUMM increased from 11 to 19. I believe that one fund in particular accounted for most of the 184,000 shares sold. They have a firm rule that they must sell a stock if it declines 30% from their entry point. insidertrader.com

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