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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts
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To: Joe Copia who wrote (1097)4/22/1998 6:31:00 PM
From: DavidCG  Read Replies (1) of 25711
 
Here is why GNNX continues to be a winner and should excel tomorrow

Here is how I value GNNX as to what it SHOULD at least be trading at... don't guess, let the market be your guide.

GNNX went from .375 to a close of 1.06 yesterday on a $60 million dollar contract.

This is where the market felt GNNX was justly valued based on that one contract.

Thats about a gain of 200%.

Now we have an additional $120 million dollar contract as of today.

$120 mil / 2 = Two $60 million dollar contracts, right?

So should we expect an additional 400% gain from yesterday's close of $1.06?

This would bring us to a stock price of $4.00 or so.

This is how I am viewing what this stock might be worth based on the stock market's own past action in perceiving its value now.

But, that isn't all. If the company rolled over and died today, that is what it would be worth. It hasn't.

The company is talking of SEVERAL more contracts in the works.

Now try to perceive its value.

Good Trading!

-DavidCG
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