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Technology Stocks : GBT - Global Light -- Ignore unavailable to you. Want to Upgrade?


To: Czechsinthemail who wrote (164)9/21/2000 2:32:58 PM
From: Sir Francis Drake  Read Replies (1) | Respond to of 223
 
Yes, the sector is weak. I'm actually looking to buy FTHL. However, GBT seems to be hit more than most, and on significantly greater volume. FTHL is down by 4% today close to yearly lows, but on lower volume than average (so far). Meanwhile one of the most disturbing aspects of this selloff in GBT, is that the volume is gigantic (actually greater than FTHL!), about 600% of average! And it is down by close to 13%, and this is going on days on end (FTHL was up recently), and GBT is constantly setting new record 52 week lows. Sorry, but this is not normal. Panic perhaps, but something's rum here. Btw., GBT just hit $5.25. We are looking at a market cap of about $135 mln now - unbelievable.

Morgan