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Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank
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To: Maya who wrote (4221)12/8/1997 6:31:00 AM
From: LastShadow  Read Replies (1) of 120523
 
GMGC & HLYW:

I am always a little suspicious of someone who posts the same recommendtion to 6 different threads, but given that I have made mistakes about hyped stocks in the past I decided to check out GMGC first. Right now its worth about 1.75, but the upside does seem to be double that. Whether the participation of the referenced CEO's are worth 50 cents to the share price is pretty speculative since that doesn't require much other than a hefty quarterly Board Fee to get them to agree to that. CAWS is another example of a little startup that had great potential that didn't do well for almost a year. At any rate, technically, if the stock can close above $2 its worth going long on, although from the huge sell on Friday, I would be concerned that the end of day uptick would be short-lived on the small volume. If it doesn't sustain its momentum today then I would wait for this one to get some foothold into the market before revisiting.

HLYW - AT, I think you picked a nice one here. Great technical reversal pattern on the chart and some serious upside potential. I don't know what films they are backing, but anyone into the entertainment sector might want to post their info for us if you get a chance.

lastshadow
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