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Technology Stocks : Graphic Zone (GZON)

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To: terry w house who wrote (14)12/31/1996 1:52:00 AM
From: david arons   of 55
 
Personally I have been following this stock for a long time now. It is definetely a very volatile stock and I never expected it to hit this low. It is this low because of a number of things not all relating to this stock. Last quarter earnings weren't as high as some expected and the resignation of just about everyone. But also the whole sector has been hammerred because of the resurgence of Nintendo. Many negative earniings reports form other companies and GZON dropped with them.. But one thing about this company they are reporting positive earnings and should keep reporting positive. Today I watched the bid drop to 1 7/8 and then when it went back up I knew it was time to buy more. That was the fisrst upward movement I have seenin a while and I think it is time for a rebound especially with no more tax sellers. I amazingly got my order filled at 2 and am hoping to see it rise to 4 again soon.
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