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Strategies & Market Trends : Point and Figure Charting

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To: Jerry Olson who wrote (14338)2/20/1999 4:42:00 PM
From: Mr.Manners  Read Replies (1) of 34812
 
Hi Jer,

don't know about that chart.. I know their so-called earnings [Recent Earnings Announcement

For the 3 months ended 12/31/98, revenues were 80,200; after tax earnings were -51,700.
(preliminary; reported in thousands of dollars)
], their valuation of $7.30/share on VectorVest.. the millions of shares.. the fact that Soros divested himself of a great percentage of those shares

and what caught my attention at first, through Druss, was this:

To: Jose Matos (12652 )
From: Jimmy Liberato
Friday, Feb 19 1999 12:20AM ET
Reply # of 12939

Jose, are you still following GTSG (Global Telesystems Group)? I remember you brought them up here
last
month. I did a quick put after noticing how inflated they were but then pretty much forgot about it until
this
week when they announced earnings. What has really caught my eye are all the insider sales this month
and the
new SEC registrations for some 18 million new shares that can now be dumped on the market (judging by
the
sudden decline this week, it is already happening). My moribund put is even reviving!


biz.yahoo.com

Also on Friday there were several dumps of 90k shares at a time..which I assume would be the funds relieving themselves.
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