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Technology Stocks : Gensym GNSM starting to move!
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To: Mike who wrote (46)11/24/1996 12:56:00 PM
From: David R. Helms   of 141
 
Mike, I bought Gensym at a price that I thought was the price seriously discounted already and not likely to fall (much) below, $12.0. I was wrong.

What's wrong with Gensym? I think I have an answer IMHO. Nothing, except lots of folks have lost money on this stock since this past summer. Those who purchased stock at prices above $20 are selling at a loss and getting the benefit of the tax write-off. In absence of any apparent negative news, this is the only answer I can come up with. It follows, the negative pressure should continue for the next few weeks and a return to more favorable upward trends will occur in January. The brave might be tempted to buy more GNSM in the first couple weeks of December, if this argument makes any sense. I own several other "losers" that I bottom fished recently (TNSI, RTRK, TSIX) and have (unfortunely) observed similar negative price pressure. It certainly doesn't say much for my stock timing ability.

Happy Hunting,

David
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