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Gold/Mining/Energy : GEAC.....Canadian best kept secret
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To: make.it.co who wrote (352)7/3/1998 10:26:00 PM
From: micromike  Read Replies (1) of 1571
 
Well here is a post just after last quarter was released. The stock took a hit even though the EPS was $0.75.

exchange2000.com
Well.... I got nicely blown out of my call options position during the opening fiasco. Nice big fat loss.

On the way to $56, I put in a limit sell order, above the latest bid. Then, as GAC stopped, stabilized, and showed signs of turning, I quickly cancelled my order (with plenty of time, I thought). Too late -- the "amazing" options system we have here basically allowed someone to hold onto my sell order, and fill it ONLY once the stock was comfortably back up to $58/59 -- ie., they bought from me only when they couldn't lose. If the plunge has continued instead, well, then I simply "would have missed the market".

That's not the first time I've been screwed on options in a "fast market" ie., the market makers can pretty well do
---

So if we get better numbers then $0.65 which I am hoping we should see the opposite of last quarter but then again in this funny market you never know it could still go south depending on what the street interprets the future growth of Geac. It sure looks like the street is saying growth is slowing or else a possible departure of Sadler.

JMHO
Mike
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