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


To: RayV who wrote (1906)4/28/1998 5:05:00 PM
From: V.  Read Replies (1) | Respond to of 2319
 
Ray & All,

A few PRs hit the wires this morning as I'm sure you all have noted <gg>:

biz.yahoo.com

biz.yahoo.com

biz.yahoo.com

I was pleased to see that GTIS held its ground yesterday during the overall market slide that we had all anticipated <gggg> and that it bounced up a bit today, sympathetically to the Naz. The current support level has been sustained, and I will check the indicators later tonight hopefully to see if there's anything of great interest going on.

With CGDC next week and then E3, there should continue to be favorable press releases from both GTIS and their affiliates, as is typical this time of year, so even though there is a lot of nervousness in the market right now, the gaming stocks and GTIS in particular still look very attractive. I initiated another position today following the confirmation for which I had been waiting and will add to the position over the next couple of weeks on any weaknesses unless the market were to meltdown more drastically in the near future. This would of course result in an interruption of GTIS' current upward trend, though I don't think it would cause a complete retracement back to the 7-8 range as the momentum has been significant to the upside, and the volume remains relatively constant which is a very good sign technically.

Anyone else on the thread still alive? Am I the only one buying? :) Don't any of you wanna come out and play? :)

xoxox,
V.