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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (7557)	10/5/1999 12:30:00 PM
From: Teflon	Read Replies (1) \| Respond to of 54805

bp, momentum is a big part of yesterday and today's action. Once it stops, the swing back will be quick. I view GMST at $70/share as a GIFT. Just my opinion, and I certainly respect the decision to hold off...this also reminds me of when QCOM dove down to $155/share a couple of weeks ago. I understand the slight differences between the RMBS/QCOM situation and GMST current perils, but the opportunity remains the same to me. Again, the momentum traders and arbitrage players are having a field day. Teflon

To: MulhollandDrive who wrote (7557)	10/5/1999 12:31:00 PM
From: Dr. Id	Respond to of 54805

The deal won't even be finalized until mid 00. That's a little too long term for me. Oh well, I plan to keep watching it. Hopefully soon we'll get some detailed analysis of the impact to GMST's earnings going forward... That was a conservative estimate. In listening to the conference call yesterday, he said that he expected 4 to 5 months at the most, but was providing the most conservative window. The LA Times Business section had a very positive article on the merger this morning. Long term I think it will be fine. Jeff

To: MulhollandDrive who wrote (7557)	10/5/1999 12:45:00 PM
From: Teflon	Read Replies (4) \| Respond to of 54805

bp, I'll give you another example...hopefully something a little more similar to the current GMST situation. Remember when CNET announced their $100MM marketing campaign last Quarter...the stock got slammed from $55 all the way down to $30 just because this marketing campaign was going to cause CNET to post a loss this Q instead of a profit. This was the stupidist trading I've seen in a long time. Everyone knew that this marketing campaign was one of the smartest things that CNET could engage in to help drive long term growth for the business, but the momentum players took the stock down regardless. I bought major positions in the stock all the way down to $30, and slept very well at night knowing full well the same houses that dragged the stock down would be the same players that took the stock back up...and presto -- CNET now trading around $60 and probably headed higher. To me, this GMST sell off represents the same type of opportunity. Everyone accepts the fact that this is the best case scenario for the long term prospects of GMST and its shareholders, but in the mean time we have to allow the institutional players to get some bargain basement positions established and make a little money off the volatility prior to letting GMST regain its move northwards. Just my opinions, Teflon