GLOW is starting to rise on expectations of news this week: *GLOW*
This is a heads up on imminent news coming up from GLOW.
Last Thursday GLOW stated the following in their news release:
Mr. Borglund concluded by saying, "We expect to release news next
week relating to other significant business developments of the
Company."
Seeing how today is Wed. evening and there are two days left this week. I think there's a safe bet by buying low before the news, your trade should be profitable.
I also have the feeling from speaking to the IR that this is not going to be typical non-event news release that IR's have a tendency to give out from time to time. Instead it should be something substantial.
Of course I'd prefer you stick around longer than news, and sometimes people actually do if the news is good enough.
GLOW is predicting a conservative EPS of .25 this year, and trades in the low .30's. Therefore I believe risk is minimal in this stock buying in the low .30's as the stock refuses to stay at the .25 level.
As always, do your DD on this stock.
Good Trading!
-DavidCG
Global Games, Inc. (OTC Bulletin Board: GLOW - news) is an
Internet-based, commercial-service business providing secure automated
transaction processing for merchants and Internet customers. Global
also licenses software for Internet gaming, and, through its wholly
owned subsidiary, Electronic Card Services, Inc. (ECS), also sells
prepaid electronic chat-line cards through ATM-style dispensing units.
Additionally, Global provides management and consulting services.
Global's core marketing strategy is to develop "recurring electronic
revenue streams" based on targeted niche markets where the Company's
expertise can be leveraged. |
