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Non-Tech : Gaming Lottery Corp (GLXW) - Good Prospects?
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To: White Shoes who wrote (42)6/14/1997 1:07:00 PM
From: K.J.Devine   of 473
 
Thanks!

Thought on Race! I would say that they will most likely reach the $16.00 level on all the hype of the PC Expo this week. But, the thing that will continue to hurt them is the lack of sales revenue. Much like GLCCF. Thus, whatever movement happens once Q4 earnings release occurs in Mid August. The stock will drop bigtime. I would imagine that they lost another .60 to .70 per share. You should also see an earnings estimate cut based upon the 40% reduction in price. The orginal earnings estimates were based upon the old product cost.

If the product was in that much demand they would not have never had to cut the price! The price must have been a big factor. Now they have to sell almost twice as much product. I would wait until the end of the month! The price may rise to about $17.00 or $18.00 on hype, you don't want to get caught in that mess. End of June or the first friday in July would be a good time to short.
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