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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (6186)	10/12/2000 1:11:51 PM
From: dwayanu	Respond to of 30051

Yes, something must be fishy there with GMST, but this stock can go from $50 to $90 in a hurry so I am waiting until the fog clears Murdoch/News Corp now controls 40% of GMST stock (he got Malone/Liberty Media's 20%), the stock was run up (note passive mode <g>) to 90, and somebody sold off at 90 for 5 days straight. The GMST block is expected to be rolled into Murdoch's planned Global SkyNet $50B IPO. In sum, Murdoch business as usual, IMHO. Sure GMST will probably retrace some, but suggest tight stops. - Dway, former GMST long-termer