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

To: Bill Gizzo who wrote (1289)12/7/1997 1:34:00 PM
From: Nutty Buddy  Read Replies (1) | Respond to of 2319
 
Both sides overwhelmingly approve of the merger, now they mutually agree not to merge. What's the real story? There really seems to be an underlying problem here. Maybe GTs 4th quarter is not panning out well. It's just another feather in my argument cap. The best thing would have been for this agreement never to have happened. I would suggest not being blind, which we all are at this juncture, and find a safer place to invest for our future. Don't find excuses for these screw-ups. They are sometimes signs of things to come.

Again, I hope I am wrong.

Buddy



To: Bill Gizzo who wrote (1289)12/7/1997 4:42:00 PM
From: Trader Dave  Read Replies (2) | Respond to of 2319
 
I agree that the stock should settle back to the $10 to $11 range. However, I get the sense that with the sell through that the quarter is fine. Moreover, if the arbs are typical, there will be forced covering of the short positions on Monday. i'm hoping for a solid pop of at least $1.50 to $2.00 as they cover. Longer term, who knows where the stock will settle, the market is much different than when the deal was signed.

TD


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