GLTI (Global TeleMedia International Inc.)-fomerly GTMI Message Board

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Microcap & Penny Stocks : GLTI (Global TeleMedia International Inc.)-fomerly GTMI

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To: jebj who wrote (400)	4/8/1999 6:04:00 PM
From: Cytotekk	Read Replies (1) of 613

jebj- this stock was mentioned on a couple of daytrading threads yesterday. The press release at 11:25am prompted a lot of buying. Some quick DD told the traders looking for a run up that his stock could get them a double or more. Good looking future profits, reasonable float. (That is why I bought, I see good longterm potential.) Some, looking for a momo play, thought that there would be a gap up this morning, there was not. Others took profits yesterday. By 10am this morning, when it was obvious that there were not going to be enough buyers to run the price up, the selling started. These daytraders are in and out, looking for the next double or better. They get out fast and cut there losses when things do not go the way they expect. You can't blame them...who knows how low the price will go after the dumping begins. Gamblers, putting their bets down and moving them to another bet with haste. You can make a living that way. Colleen in Orlando

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