To: Rick Rappaport who wrote (6642 ) 7/1/1999 8:03:00 PM From: LastShadow Read Replies (3) | Respond to of 10081
GMGC rises in anticipation of, and release of news. Coorrelate news announcements with chart spikes for the last year. generaly a few days ahead of the jump will be small runup, and selling into the peak. Admittedly I have done it myself twice in April and once a couple of weeks ago. It doesn't really matter what the news is, although it should be something from a major player, or at least tied to them - Bell South, Excite, etc. This company has a great conceptual, and possibly good product. That however has been immaterial for the last year or so. Poor management and worse investor relations, publicity and media management hasn't helped. Be that as it may, everyone, the faithful on this thread and others would like to see this take off, and they believe it will, and add to their holdings periodically, many having done so from much higher levels unfortunately. Some people view investing in an equity as a matter of support and talk to the potential and possibility and inevitability. Thats cool. personally I wouldn't want them to manage my mutual funds, because one should look to take a position in the stock when it indicating it is in a trend reversal. Now some people can accept minor dips of 5%, and others can withstand dips of 25% - it all depends on what your investing objective is. Mine is to make money. So although I will be glad to see GMGC share price climbing on a solid uptrend, the reality is that it is presently suitable for trading for a buck now and then based on whatever is driving those spikes. This stock will go up a buck, and if it fails to penetrate its previous resistance, I will exit and look to enter later when its based. News will do that. Whether there is some real substance to drive it higher and on greater volume is something no one can time or predict. So while its in a trading range I will trade it, and if it start really moving I will stay with it. But that is what I do, and not something I am recommending. Everyone should do what works for them - what they have the skills and tools and inclination to do. Best of luck to all - and you all have a great thread here and sorry to intrude lastshadow