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Technology Stocks : GTIS - Will it be a Phoenix or not ? -- Ignore unavailable to you. Want to Upgrade?

To: james d. hargrave who wrote (1131)	11/11/1997 6:52:00 PM
From: John	Read Replies (1) \| Respond to of 2319

<<If you can't be patient with stock fluctuations you should be buying bond funds>> I am patient, I just like to complain once and a while. I still have a $10,000 profit on MPRS, and am holding 5,000 shares of GTIS for the long term at an average price of $7.50. When the merger is complete, I will own 13,400 shares of GTIS at an average price of $6.80 I had expected the stock to move from $10 to $14.5 not down to $8, however, there are too many good games coming out from GTIS for this stock to stay down too long. 10 - 11 is certainly achivable, at which point I will lock in some of my profit (like I should have the first time). I may also write some options against part of my GTIS position, incase it fails to rally futher. I still feel the pre-release sales of Duke3D for N64 and PSX will exceed Oddworlds pre-sales figure of 500,000. That should be good for a little bit of a rally. My biggest fear is that the person who sold today has some inside info, like for instance, GTIS changed their minds and decided that they are not going to meet earnings of .21 this Christmas. If they announce that, we are dead. JV.