Jane, you bring true value to this board.
Hang tough.
I've heard some people practically call you a loon because
some of your posts tend to ramble, which they do.
But, only a "loon" like you would actually call, be persistent,
and ASK GREAT QUESTIONS.
Just knowing that there were high level damage control meetings
confirms the quality of GMGC's management.
I'm currently long GMGC in my IRA and
I am "scraping up" more money for GMGC for November.
My current thoughts:
1) Now is the moment of greatest risk and highest potential for
rewards in going long on GMGC.
2) GMGC's product is the first commercial release of a huge product.
THERE WILL BE BUGS...
would you buy the first model year of a new type of car?
I believe that GMGC is fully capable of dealing with the bugs,
so there is low technological risk.
I also believe that if handled incorrectly,
bug info release would be short term devastating to the share price.
and create another buy opportunity.
3) Next earnings report will be good,
but maybe not up to investor expectations. More risk.
BUT, the first earnings report could double the share price
from the current $8 to $16.
4) General market volatility this fall.
I have stated many times I wanted to be out of the market by
August of this year, yet to return in November.
Well, I am out of the market for now.
There is some risk that GMGC will fall prey to general market uneasiness.
However, GMGC has now had a lot of the premium removed,
and I now consider it to be at lower risk than stocks like Yahoo, AOL,
Amazon, MSFT, SAP, etc.
5) Those damned convertible preferred shares. There is huge incentive for the stock price to be under $4 or over $18.
6) November is the moment of lowest risk to buy more,
though not necessarily the moment for greatest profit.
The bugs, first earnings report, general market shakeout, the convertibles, etc will all be resolved.
7) January earnings report or a pre-report announcement will be the pivotal event. But everyone will be on the bandwagon by then.
8) Advertising begins in 4th quarter.
Jane, see if you can get an expected date for this.
9) Next release of Portico, with ENHANCEMENTS!!!
10) Revenue from Agent technology is icing on the cake.
11) $20 to $50 in 1999; Take some profits in late July, early August.
General Market in fall of 1999 will be bad due to Y2K uncertainty.
Good luck to all,
Ray |
