SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : GTIS - Will it be a Phoenix or not ?
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Trader Dave who wrote (1288)12/7/1997 11:44:00 AM
From: Bill Gizzo  Read Replies (2) of 2319
 
Perhaps the perceived negitive stock price impact on GTIS of an impending earnings warning from MPRS was the reason for aborting the deal. GTIS was already in the low 8's from all the shorting done by arbs hoping to capitalize on the proposed merger. The earnings warning from MPRS could have had it revisiting its 52 week low. Shareholders were well served by management's aborting of the deal.
You asked for my opinion so here it is.I haven't checked to see how much short interest there currently is in GT. I believe IBD publishes stock short interest numbers. With 1.2 mil shares traded on Friday, I'd guess the short position was probably reduced by at least 500K. I'd expect well see some up movement on Monday but I figure it'll only be another dollar at most. Most of shorting was done in the $11-$12 dollar range so there is some cushion. However losses on MPRS buys could push them to scramble to lock in short position gains to offset the MPRS losses. Profit taking on any rise will keep us in the $10-$11 range. Not having any frontline PC titles but T/A this quarter will hurt us. The Duke64 and OddWorld titles will make some cash, but I'm betting the return will be mediocre at best.The negitive impact on the stock from the delayed release of Unreal was hidden in the overall downtrend GT's had recently.Another disappointment, where's the PSX version of Duke? Don't get me wrong, I don't see any problems with 4Q numbers, however GT hasn't anything going for it right now, like the potential for an earnings blowout,that would compel investors and drive the price up. Just my opinion.
Cheers
Bill
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News