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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (2287)	9/8/2000 9:22:55 PM
From: Duane L. Olson	Respond to of 4564

E! That GBLX gap at 30 doesn't look ominous to me actually... and the chart continues to retain a positive tinge through some pretty nasty market declines here. As a betting guy, I'd bet the upside possibilities are considerably more than the downside risk: siliconinvestor.com To continue a point about GBLX that I made before, they are reporting negative earnings because of their depreciation policies, not because they are short of cash. In fact, they have almost $2.3 Billion in cash on hand -- see the "Financial Strength" portion of this Yahoo link (the same number turns up if you multiply cash per share by number of shares outstanding): biz.yahoo.com Finally, I see that the short-sellers are beginning to cover their positions in GBLX, but the fact that they still have a fairly large position seems bullish to me. All in all, GBLX is a gamble I'd place at least as small bet upon... tso Just mho, of course....