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


To: john.d who wrote (1046)2/8/2000 4:58:00 PM
From: PlayTheKing  Read Replies (2) | Respond to of 1571
 
Hi John,

yes...that's always the dilema when a stock drops continuosly day after day.

the market is not as random as one may think. it's easy for me to say now (hindsight is 20/20) but the selling pressure on geac has been tremendous as the small retail investors panicked and sold their lot. when the reversal was going to take place was hard to peg, but at some point it had to go back up!!

it's tough to do, though, when fear is at the back of your mind..."maybe i don't know too much about geac and the street is smarter than me"...more often, though, it is best to buy at maximum pessimism which is what happened to geac.

even if Q3 figures come below expectations i would let the dust settle and continue to buy as this company is in great shape financially!!

....though I had enough sense to pick up a few at the bargain basement price of $18.50 before I logged off!

excellent decision!!

PlayTheKing

O.T.
i'll "speak to you at the dmx thread" awesome <GGG>