Can you tell me how a person can tell if
shares are being accummulated? Or point
to something on this thread if you have
discussed it?
I month or two ago, I piled into glgc,
and I've been watching closely. Simply
obsession--I want to snag a good swing
trade out of this sometime this year,
it is leftover from the genomics craze
of '99-00, although it seems like a good
company now, actually have some software
products and such and some sort of a
technology partnership with mlnm.
Anyway, at 10:30 PST I saw this:
Bid: 3.25 x 8500
Ask: 3.26 x 100
Usually on this stock, you wont see a large
number of shares, it is often 500x100 or
whatever. Whatcha think? What I imagine
the large bid to mean, is that there is
a buyer interested at this price.
I got in around $3.45, so I guess I am down
5%. The stock seems pretty safe, well under
book value, and not much above cash.
4th quarter earnings soon. Just curious.
fwiw, I own a full position and don't plan on
doing anything with it...unless it goes up
of course <g>. I don't think a stop loss
makes sense, at this price it is a good
takeover candidate I suppose. A considerable
amount of embarassing rant can be found on the
Yahoo board. I do get wound up at times. |
