Guardian Technologies - GRDN Message Board

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Microcap & Penny Stocks : Guardian Technologies - GRDN

GRDN 28.44

-1.8%

Nov 6 3:59 PM EST

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To: Jordan Electron who wrote (82)	1/10/1999 8:50:00 PM
From: Fred Seitel	Read Replies (1) of 117

A lot of IPO's drop from their initial price, sad but true. The question now is this: Is GRDN a good buy at today's price? The answer most likely will depend upon whether the next news is negative or positive. I don't know of any pending negative news, and I can see from GRDN's chart that is has traded in a range during the past two years and is rising from its low. So it could well be that the initial IPO hype (if we can call it that) has been fully discounted. At least, I certainly hope it has. Did you author the "drug7.txt" article at the link you posted? It sounds like the author was pressured (via cold-calling) into buying into the IPO, then suffered later when the price fell. I feel sympathy for anyone that gets cold-calls. I used to trust brokers and others to make investments recommendations, but one thing I've learned with experience is it is better (for me) to make my own decisions, make my own mistakes, and win my own victories. Brokers I've encountered have been interested in generating commissions for themselves. Time will tell how GRDN will perform. - Fred

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