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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: nikko who wrote (1133)	4/23/1998 9:27:00 AM
From: DavidCG	Respond to of 25711

GNNX should be based at least $4.00 based on past market activity Here is why. GNNX went from .375 - 1.06 on a $60 million dollar contract (and as high as $1.50) About a 200% gain. GNNX gets another $120 mil contract so that should be worth another 400% gain from $1.06. That brings us to $4.25 a share. GNNX float is 4-5 million shares, 21 mil outstanding. $180 mil in total contracts. People had lots of problems getting limit orders filled yesterday below $2.25 So I believe the marketmakers are running low on shares. Good Trading! -DavidCG