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Gold/Mining/Energy : Games Trader
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To: Dettmer who wrote (104)4/1/1999 9:34:00 AM
From: Professor Dotcomm  Read Replies (1) of 1239
 
From what I understand, GTR has established a sales channel both in the US and Canada via the stores I mentioned earlier (and which I got from a broker's report). GTR circulates them, weekly I believe, with a price list of what it is prepared to pay the store for turned in video games. This catalogue offers prices that range from $0.50 for duds to as high as $15-$20. The stores usually give all this amount to the kids but expect them to spend it in the store (where there are racks of reissued video games). I have been told that literally thousands go in and out of GTR's warehouse each week.

I have almost finished my desk DD and soon I shall be visiting the company.I will be better able to give you better answers after this. As for buying the stock I usually wait until I've done all the sums. This is because I am such a lousy trader and the stock has to be a long term buy before I can afford to go long.

Your last point gives my age away! Anyway my 11 year old grandson led me into the magical kingdom of video games last year. For Christmas I got him 'Zelda'. He is now earning money at his school as a 'tier-3 consultant' i.e. they ask him how to play the games, for his reviews on games and sometimes as a referee in game contests.

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