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Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?


To: pz who wrote (27584)12/28/2000 9:27:26 PM
From: DanZ  Read Replies (2) | Respond to of 53068
 
Paul,

If you can't find your spreadsheet, I don't mind setting it up for the contest. It is relatively easy to set up macros that update the closing prices automatically with eSignal. Since nobody can buy or sell after the contest starts, I would only have to do it once, and the updates would occur automatically. Let me know.

Chartseer,

Thanks for the PnF update on GUMM. The stock has been basing at 7 for a couple of weeks, and somebody has been accumulating into what may be tax loss selling or more shorting. Either way, I think that the stock is way undervalued based on future fundamentals. The only issue is how much the stock rebounds given that there are so many other beaten up stocks. In GUMM's favor is the very high short interest...in fact, the short interest is at an all time high and GUMM is among the top 20 short ratio stocks on Nasdaq. I would think that this could be the catalyst for a stronger rally since those who are short might cover to free up their buying power for long positions that have better risk/reward. There is also the potential for a short squeeze if the company announces something significant about their relationships with Procter & Gamble, Swedish Match, Gel Tech, or CS First Boston.