SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services -- Ignore unavailable to you. Want to Upgrade?


To: Bazmataz who wrote (18877)4/13/1998 1:24:00 PM
From: Czechsinthemail  Respond to of 95453
 
The U.S. government reported Wednesday that travel and gasoline demand in the upcoming summer months are expected to post the biggest annual increase in a decade.

Citing low gasoline prices, the Department of Energy said highway travel between April and September is expected to jump by 3.8 percent, while gasoline demand should increase 2.8 percent from year-earlier levels. Motorists are expected to drive a record 1.37 trillion miles this summer and use 65 billion gallons of gasoline, it said.

exchange2000.com



To: Bazmataz who wrote (18877)4/13/1998 4:29:00 PM
From: Robert Floyd  Read Replies (1) | Respond to of 95453
 
It might be an indication that GLM will beat the street. Which means that this is action made with confidence, as indicated by the plans for management to expand their fleet.

However, it might be an indication that management considers GLMs stock price to be overvalued and wants to raise cash while the value is still high.

Today's market reaction was very mild(not much of a drop for such a big offering), I hope the earnings report justifies this confidence.