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Technology Stocks : GTIS - Will it be a Phoenix or not ?
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To: MikeD who wrote (2038)8/28/1998 7:20:00 PM
From: Bill Gizzo  Read Replies (1) of 2319
 
The dead cat bounced back off 4 13/16. I'd wager its attributable to longs doubling down or the more likely reason, insiders attempting to stave off a sub 5 close. I'd expect more downward movement than up in the near future as there is no tolerance for inept management in a tight market. This ones worth 50% less now than it was at this time last year. This fact can't be much of an incentive to buyers. I'd put fair value on this one around $3.00 - $3.50. IMHO Reverse split time just around the corner.
Cheers
Bill
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