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


To: Preston Lurie who wrote (1427)1/29/1998 2:05:00 PM
From: Nutty Buddy  Respond to of 2319
 
Words of encouragement?

You'll have to get that from GT. They're the one's spending your investment dollar.

All I know is in October I rode a stock from 10 1/4 to 5 7/16 before I sold it. It is now 0 5/8. I guess a bad investment is all relative. Looking back, I did nice limiting my loss.

Buddy



To: Preston Lurie who wrote (1427)1/29/1998 3:05:00 PM
From: John  Read Replies (1) | Respond to of 2319
 
<<Any words of encouragement?>>

I still have my original 2000 shares bought around a year ago at an average price of 7 1/2 - 7 3/4. Can't believe I rode GTIS up and then back down. I should have atleast been writing options against the position the whole time. The problem now is GTIS is so low, there are no options I'd consider writing. The July 10 call has a bid of 1/8 and an ask of 3/8 - not worth bothering. I'll take whatever I can get on the Duke 2/Unreal rally if it ever happens. Long term, I am much more excited about MPRS, atleast they develop their own games. GTIS is vunerable - they lost Quake 2/ID to Activision, if they lose 3dRealms eventually to G.O.D. what do they have left? GTIS hasn't really had a big hit on the PC since Quake. Total Annihilation has sold well but it is not in the top ten. Its a real shame the MPRS merger was called off. GTIS is a good publisher, but they really needed MPRS's games.

JV.

P.S. - I am not concerned about the lawsuit. There is nothing illegal about their accounting methods, they simply chose a different accounting method than most game companies (Ammortized development costs over time of sales is a perfectly excepted practice in the software industry).



To: Preston Lurie who wrote (1427)2/4/1998 5:52:00 PM
From: RJC2006  Respond to of 2319
 
I'm still holding. There isn't anything else to do with it! LOL!