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Technology Stocks : GeoCities
GCTY 450.000.0%Mar 16 5:00 PM EST
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To: Satch77 who wrote (237)8/11/1998 4:11:00 PM
From: gizelle otero  Read Replies (2) of 316
 
I agree. GCTY will probably open at $50.00 tomorrow morning if the market is even a little bit up.

There is basically unlimited demand for the stock from institutions and individuals who waited it out today because the market was so bad. These are the same people who bid up AMZN and others with much larger numbers of shares outstanding. At 4 million shares outstanding, GCTY should be trading in triple digits within a week.

Institutions will buy tomorrow as soon as they see the sky is not falling. Any stock that doubles in a historically bad day for the NASDAQ will rocket as soon as the market turns positive.

I watched it go up $6.00 as the DOW went from -203 to -150 in a few minutes. That tells me everything I need to know about where it will go in the morning.
AlthoughI I only could get 1600 shares,

I won't sell this week, no matter what the price is.

If a pretender like KTEL can trade for $40.00, GCTY should go to the moon.

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