GEAC.....Canadian best kept secret Message Board

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Gold/Mining/Energy : GEAC.....Canadian best kept secret

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To: FreeFall who wrote (418)	7/22/1998 9:20:00 AM
From: DownBig	Read Replies (1) of 1571

Regarding insider trading reports - I see them reported in the newspaper but I will ask my broker if there is another source that provides this info. Regarding support - I think you are right - $35 looks like a price where major support should appear. But who can imagine that it's at $35? This is back to where it was last September. At this level, I wouldn't be surprised if Geac announces a share buy back, although I am not sure if that would be positive for the price or if it is an effective use of their cash. On the optimistic side, perception can change quickly in this market too. Geac could come out with stronger than expected earnings in September and a major acquisition any time soon. Also, US analyst coverage and/or Nasdaq listing would help as Geac is way undervalued relative to its peers. Any combination and hopefully all of the above scenarios could reverse the stock slide and we could see a dramatic move up.

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