I have been suckered many times into believing price run ups in GMGC "must mean something." Yet, of course, only to find disappointment.
This weekend, I took a hard look at the action over the last 7 days. The bottom line is that we did not go from 3 to 5 in one day. It took six. When you chart the progress and overlay the volume, well there can be made a pretty powerful case that, indeed, something is up.
It was the last hour of Friday's action that has me most pleased as a long. The uptrend was given a HUGE kick in the rear end as we traded well over 33% of the shares in the last hour and moved almost a 1/2 a point...or 10%. The stock would have gone higher, but the bell sounded.
I have seen nothing over the weekend to lead me to believe that the trend is over...in fact...IMHO, the trend is absolutely our friend..if you are long like me.
Intuit, Wireless Knowledge (MSFT and QCOM), QWST...and others. Now Markman is speaking this week with a top gun from MOT (MYOSPHERE?)in Chicago. Why did we need to approve all those extra shares?
What is QCOM going to do with their new found TRIPLED market cap? As a joint partner with MSFT, well, their equity interest in GMGC would make sense to me.
What about MSFT? To me, forget SUNW et al...if you're Gates and you own 13% already...why risk letting a competitor like SUNW steal it right out from under your nose? IMHO..if their is a serious suitor(s)after GMGC, my first guess would be MSFT, then QCOM then QWST. Anything else would be a surprise.
Well, all appendiges continued to be crossed. At least we know earings are on the 12th...but that's about all isn't it?
Good luck and buckle up...the game starts again in 15.5 hours!
HC |
