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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 (9607)	8/31/2001 7:01:08 PM
From: James Strauss	Read Replies (2) \| Respond to of 13094

Jim...Do you see ANY hope for GMGC? Tom L. Tom: Technically, GMGC is at an all time low... stockcharts.com[m,a]daclyymy[pc13!c50!d20,2!a.8][vc60][iLd20!La12,26,9!Lc20!Lk14!Lg!Lp14,3,3!Lw25!Ll14] The indicators show an extremely oversold situation... The chart itself gives no indication of a buy yet... But, those knowing the fundamental story of the 6 million ++ deal with GM's OnStar, and their relationship with IBM, one would expect the stock to behave better than it has... Many times the charts tell us things that aren't apparent in the fundamentals... Right now the charts are telling us that they want to see tangible evidence that GMGC can grow its revenues regardless of the OnStar/IBM press releases... Perhaps the Qtr ending either 9/30 or 12/30 will be more revealing... Even though I own the shares, I still rate them highly speculative, and couldn't recommend them as a purchase on a strictly technical basis... A close above .80 would break a short term downtrend channel... That would change the technical picture to a more positive outlook... Jim