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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.47+0.6%Nov 28 4:00 PM EST

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To: Berney who wrote (4975)1/31/1999 8:29:00 AM
From: Moominoid  Read Replies (1) of 99985
 
As some big people are selling GLM, it seems, why would we want to buy? I have followed GLM for a while. It's chart looks similar to NSM except it's missed out on the recent run-up in NSM. Though there are some bullish signs on the chart I feel it could just as well fall down to say $5 around book value. NSM went below book before recovering. NSM is looking weak currently again. My FA method gave a price of $16 for GLM. But what does that mean in the current market? <g>

David
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