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Non-Tech : GameTech Int'l. GMTC < SATELLITE Bingo and more > -- Ignore unavailable to you. Want to Upgrade?


To: Instock who wrote (9)1/10/1998 2:34:00 PM
From: Sasquach  Read Replies (1) | Respond to of 400
 
First i want to let it be known that i am LONG GMTC and am hoping for the same bounce you are. One thing I think one needs to contemplate is the possibility that this stock will drop more on monday out of mass market paranoia!? If this happens, how many investors will recieve margin calls?? Granted this would be an exceptional buying opp. for this stock, one of which i will not pass up.

we can then take this senario one step further and say that if margin calls go out and drop prices lower, would more shorts not try to cover at the lowest price possible, thus feeding the bounce that most of us hope for? just a few saturday morning thoughts.anyones input is welcome>

jim

p.s. Ivan, on the 56 thread, made mention of this stock yesterday afternoon and said to put it in a special bookmark.i would be very interested to know his thoughts on this situation,what with his extended work with PGDCEB'S.DO YOU have any insite to this?