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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation

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To: Jing Qian who wrote (1066)12/8/1998 2:07:00 AM
From: Chuck Rubin  Read Replies (2) of 2585
 
Jing,

What do you think about this....
A couple weeks ago the stock was .16. I bought it between that and .25. Then it shoots to the moon $6.25 at its height and then back to where it is today.....just below $2.75.
To me, even where it is now....even at a BUCK this I would consider an unbelievable rise in price in such a short time.
I feel the stock must need time to digest this kind of tremendous rise.
Some people say LOOK the stock keeps falling back and it corrected from 6.....I don't look at it that way....to me, it had a TREMENDOUS rise and very likely needs time to absorb it.
Besides that, the tremendous rise probably attracted the professional boys the pumpers and dumpers, the shorters, the daytraders, like moths to a light to play with it while it goes thru a consolidation.
Just my thoughts....but the humungous rise the stock had in such a short time...even at this price level should not be ignored.

Chuckr
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