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Technology Stocks : GALTECH SEMICONDUCTOR MATERIALS CORP. (GTSM)

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To: David Wolfson who wrote (12)10/31/1996 6:37:00 PM
From: gammaray   of 394
 
Hi David, It's been a while. Last I knew you were leveraged up to the eyeballs. Your recent purchase must mean that you are coming out. Glad for you. I can't say in all honesty that I haven't been upset over the latest dive. However, coincidental with your post, I bought a "few" this very morning.

This is my take on the recent slaughter for what it's worth. I think that brokers were selling the stock short which in turn caused some panic selling. Don't forget, this stock was bought for as little as $.50 only 52 weeks ago. Those people could be selling at $1 and doubling their money. I plan on doubling my money from the 52 week high after the 10th stock split.

take care
Neil
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