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Strategies & Market Trends : The Amateur Traders Corner -- Ignore unavailable to you. Want to Upgrade?

To: Tom Hua who wrote (12977)	8/23/2001 3:26:58 PM
From: Alan Smithee	Read Replies (1) \| Respond to of 19633

I'm short GSPT from 19. On the Point 'n Figure chart, there is no significant support until about 7.50. This puppy is going down.

To: Tom Hua who wrote (12977)	8/23/2001 10:12:46 PM
From: panteon	Read Replies (1) \| Respond to of 19633

Panteon, GSPT ran out of steam... Comcast and QVC announced equity investment at $10/share last month, so I'll match their offer with my cover. Well, you are more ambitious(or patient) than I! I already covered some at $17, will re-load if it pops higher. There is no doubt the business they are in is tough, no matter how great their "infrastructure". With the KMart news out, and it's not like biz is flying for them, $10 seem like a reasonable price. I haven't seen their operation yet, but probably their only hope is if they got the Feng Shui precisely right. Did you notice any consulting fees in the financial disclosures? I'll take a ride out to see them. Perhaps Paul A can join me if he's been studying his Feng Shui handbook(are you on the East Coast?)