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Technology Stocks : GBT - Global Light

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To: Fundamentls who wrote (180)9/27/2000 12:38:28 PM
From: Sir Francis Drake  Read Replies (1) of 223
 
I guess depends on the broker. Regardless, this whole thing is rather disturbing. GBT goes down on incredible volume. I keep comparing it to FTHL, and I'm struck by the fact that while both are close to their lows, GBT consistently breaks those lows on HUGE volume. Meanwhile FTHL regularly rallies, and the declines are not on great volume. Even today, FTHL is about flat (though trending down) on low volume, GBT which strongly broke 52 week lows, has already traded 645K, which is one of the biggest volumes in months - the other two times GBT traded over 600K Sept 11, Sept 21, both times the stock declined substantially. Other than these 3 600K days - all massive declines - there were no 600K days until you go to the beginning of April! This is clearly massive dumping of the stock, no two ways about it - the 3 heaviest volume days are all strongly down days for the stock. Today looks like it might surpass in volume both of the other Sept 600K days (656K and 699K). RTQ - $4.5 on the bid. Market mildly positive at this time.

Morgan
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