Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: nokomis who wrote (8647)	5/4/2001 10:31:31 AM
From: dan6	Respond to of 13094

"anticipatory earnings upswing"...? eom

To: nokomis who wrote (8647)	5/4/2001 2:09:04 PM
From: James Strauss	Read Replies (1) \| Respond to of 13094

jim, curious about gmgc chart...clear buy signal, then WHAM..looks like monkey-business to me...like maybe someone knows something we don't?? Very strange.. GMGC... Nok: What we saw was a buy on the rumor sell the news phenomena... When there is great expectations prior to an earnings release a stock usually runs up... Many traders sell right before or into the news... This explains the volatility... If the revenues would have been better, GMGC would have held onto more of the pre-announcement gains... Even with the retracement to 1.25 area it is still up over 35% from the previous week... A longer term perspective with GMGC illuminates the continuing revenue stream from GM's OnStar, when it is fully rolled out this qtr... Also, the new VP of sales brings a proven track record of developing revenue streams... There is a nice open gap to the 1.60 area that should be filled soon... We could very well see an increase in institutional, mutual fund, and insider buying in the coming qtrs... siliconinvestor.com Jim