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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential !
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To: Cub Fan Dan who wrote (8586)2/5/1999 7:28:00 AM
From: Stfnwlf  Read Replies (2) of 8879
 
To all GLOW doubters and shareholders: Internet & Casino Report for 2/5/99:

(For those of you who would like to subscribe - it's free - e-mail JWalz10706@aol.com. Otherwise, here's what they had to say about GLOW, the article yesterday, etc...)

GLOW shocked many Internet gaming players this afternoon by falling 22% to close at 0.28. The stock reached a low of 0.23 before rallying sharply at the close. GLOW traded 8.3 million shares, second only to E Digital (EDIG) on the OTC:BB. The fall was likely attributed to an article published in the Minneapolis Star Tribune on Thursday morning. The article alleged that GLOW's former CEO Garry Jamieson left the company in dire financial straits. However, the tone of the article suggested that Gary Borgland and his new management team are now turning things around at GLOW. As one reader pointed out, "several shareholders think that this article is good news and have high hopes
with the new management." We tend to agree. In fact, we believe the last of the sellers in GLOW showed up this afternoon and accepted their bids. True, it may be rather ambitious to call a low in this badly beaten gaming sector but the Internet and Casino Stock Report makes the following case:

1) GLOW's sharp increase at the end of day coupled with strong support at 0.25 makes for a potential oversold buying opportunity. Starnet (SNMM), GIC Global (GGNC), and Winners Internet (WINR) are holding their upward trendlines and support levels.

2) The bad news already seems to be on the table. The market sold the rumor, next step -buy the fact.

3) The sentiment has turned from euphoric optimism three weeks ago to decisive pessimism. Contrarian sentiment signals a buying opportunity here.

4) A catalyst or news story of significance could spark a rally.

So, there you have it. Put that in your pipe and smoke it TGW, Rico, and all you other doubters!!!
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