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Technology Stocks : GTIS - Will it be a Phoenix or not ?
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To: Bill Gizzo who wrote (1289)12/7/1997 4:42:00 PM
From: Trader Dave  Read Replies (2) of 2319
 
I agree that the stock should settle back to the $10 to $11 range. However, I get the sense that with the sell through that the quarter is fine. Moreover, if the arbs are typical, there will be forced covering of the short positions on Monday. i'm hoping for a solid pop of at least $1.50 to $2.00 as they cover. Longer term, who knows where the stock will settle, the market is much different than when the deal was signed.

TD
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