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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?


To: PlayTheKing who wrote (922)12/4/1999 3:15:00 PM
From: micromike  Read Replies (1) | Respond to of 1571
 
Perhaps they are going into the market to buy back some shares.

My guess if they bought some back they bought back when the stock was around 27 bucks. Back then they had some pretty decent volumes but no price increase like now.
My theory on the recent price increase is momentum players.
My only present short term worry is the Y2K lock down. There has been a few companies reporting this problem. I still love Geac long term. The other possibility is that somebody might know that things are actually better than we expect regarding the Y2K issue.
It should be interesting to see if we can hold 30 bucks next week. If we hold we should be off to the 35 buck range.

JMHO
Mike