WR's Momentum Trades Message Board

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Strategies & Market Trends : WR's Momentum Trades

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To: Aaron Lee who wrote (4472)	2/4/1999 10:12:00 PM
From: Jim Spitz	Read Replies (2) of 11130

Aaron, I just looked at the chart for GTMI for a long period of time (back as far at 1988). The stock was in the 'TEENS back then. Yeah, 14-16, like that. Even the 1-year is as high as about 0.75. So, maybe investors of long-standing just weren't that impressed with their new information as we newbie's are. It happens. The old investors, may be taking losses on upswings and getting out. Also, could be significant shorts who don't want it to go up because then they would have to cover. Short interest hasn't been tracked on this stock since June 1995. It may take more volume to get this to swing upward. With a float of about 10 million (Yahoo) it just may need more buying volume to make it move. (Probably that is really it.) This is all JMO, and of a ramblin' nature at that. I'm just a ramblin', ramblin', ramblin' kind of guy... Patience is required. PRs look promising. jimS

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