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


To: Doug who wrote (1352)7/30/2000 9:03:13 PM
From: Jack Jagernauth  Read Replies (1) | Respond to of 1571
 
It doesn't look too good for the stock in the near term. It will be interesting to see how low it goes this week.

Being a 'garbage collector' in the high technology sector seems like a high risk business proposition to me. Technology, of course, changes very quickly and getting stuck with garbage can't be much fun.

I noticed in the weekend Globe & Mail that most analysts have GAC as a 'hold' right now, which probably means 'sell'. That might help the shorts, maybe even some of the brokerage houses, this week.

On the other hand, I feel that this stock is just about as oversold as it gets.