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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01 -- Ignore unavailable to you. Want to Upgrade?

To: Quiveringtrader who wrote (8597)5/2/2001 5:35:48 PM
From: Jibacoa  Respond to of 13094
 
GMGC: In spite of the dip before the close yesterday it has maintained the up-trend that started on 4/30 from the 1.06 level.The nearest resistance is now at today's H of 1.90

Of course it still has to close above the January 17 H of 3.18, which was the day it had an up-gap on volume of 4,881,200

Bernard



To: Quiveringtrader who wrote (8597)5/2/2001 5:55:56 PM
From: James Strauss  Read Replies (4) | Respond to of 13094
 
GMGC...

QT:

The Revenues reflected some discontinued businesses... The key part of the conference call is the new mgmt and expected IBM announcements in the next few weeks... Also, they will be cash positive in the near term...

The price has dipped in light after hours trading... The recent institutional buying seems like they are beginning to position themselves... The next two qtrs will tell if there is any beef here...

Jim


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