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Strategies & Market Trends : LastShadow's Position Trading

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To: LastShadow who wrote (6767)	1/19/1999 10:44:00 PM
From: Susan Saline	Read Replies (1) of 43080

GBFE just took a good long look at this chart if this news/rumor/article has any truth there is a decent chance it will return to it's trend line at 8 to 10 dollars. I'll hold for a few months (penny/speculative account) Thu Jan 14 NEW YORK (CBS.MW) -- Shares of Golden Books Family Entertainment jumped 162.5 percent Thursday after a published report said Walt Disney Co. is considering an acquisition of the children's publisher. Golden Books spokeswoman Kathy Makrakis did not return calls seeking comment on the report, which first appeared in The New York Times. Shares of Golden Books (GBFE) added 1 7/32 to 1 31/32. Golden Books, which has seen its stock tumble from the 10-11 range in the past year, is streamlining itself to focus more intently on its core children's book business. The company also makes family entertainment products designed for other media. Golden Books said last year that it retained Allen & Co. to help it explore"strategic alternatives" and is taking a number of cost-cutting measures. biz.yahoo.com*http://cbs.marketwatch.com/archive/19990114/news/current/gbfe.htx?source=blq/yhoo&dist=yhoo

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