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


To: PlayTheKing who wrote (1047)2/8/2000 5:24:00 PM
From: john.d  Respond to of 1571
 
PlayTheKing,

"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."

Couldn't have said it any better myself.

John

P.S. Wow, what day with DMX, and to think that there will be even more this year!!!



To: PlayTheKing who wrote (1047)2/8/2000 7:04:00 PM
From: micromike  Read Replies (1) | Respond to of 1571
 
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!!

There is no question that Geac is going to miss the quarter. The question is by how much. I wouldn't say they are in great financial shape until they release the numbers. My simple test for this would be to see if they bought any shares back or not. I bet they haven't.

Geac soars as it adopts poison pill
canoe.ca
Unaware of any bids

Great move to prop up the shares considering their next announcement will be the pre-release of the quarter. Which I'm guessing they will come up short.

At least we have two positive factors that could keep the share price up now. Buyout possibility and new shareholders. Two days in a row with over 1 million traded with only 2 large 100k blocks traded and the past few weeks we had way above average shares traded.

I wonder if my good cyber buddy rrman is covering his shorts these days. He must have made a bundle when he was shorting them way back when it was 30 bucks and he told me that the 52 week low is right around the corner.

JMHO
Mike