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Gold/Mining/Energy : GEAC.....Canadian best kept secret -- Ignore unavailable to you. Want to Upgrade?


To: Steven Erickson who wrote (300)5/29/1998 12:31:00 PM
From: micromike  Read Replies (1) | Respond to of 1571
 
Well usually when the stock drops below its support level this indicates to me that either people are nervous or somebody in the know like the big guys has info that things aren't that rosey. I watched Newbridge fall from it $90 range to $40 before they had a warning about EPS. Geac last support was around $55. Today looks good so I hope this is just jitters. The market is always right 9 times out of 10. If the share price drops down below $50 with big volume then my assumption is that EPS will not be as good as expected. This conclusion is only right 9 times out of ten.

JMHO
Mike