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


To: FreeFall who wrote (418)7/22/1998 9:20:00 AM
From: DownBig  Read Replies (1) | Respond to of 1571
 
Regarding insider trading reports - I see them reported in the newspaper but I will ask my broker if there is another source that provides this info.

Regarding support - I think you are right - $35 looks like a price where major support should appear.

But who can imagine that it's at $35? This is back to where it was last September.

At this level, I wouldn't be surprised if Geac announces a share buy back, although I am not sure if that would be positive for the price or if it is an effective use of their cash.

On the optimistic side, perception can change quickly in this market too. Geac could come out with stronger than expected earnings in September and a major acquisition any time soon. Also, US analyst coverage and/or Nasdaq listing would help as Geac is way undervalued relative to its peers.

Any combination and hopefully all of the above scenarios could reverse the stock slide and we could see a dramatic move up.



To: FreeFall who wrote (418)7/22/1998 5:09:00 PM
From: micromike  Read Replies (1) | Respond to of 1571
 
The TSE is way behind the times on insider filings. The TSE doesn't require the insiders to report until 30 days after they have done the dirty dead so this info is basically useless to you.

If anybody has followed Corel, the CEO cowpland built up the company while he dumped 1/3 of his share at $9 bucks and 30 days later he reported the transaction just in time to report the company is in tough times and wham the stock has been in a slide ever since.The US investors have a law suit over that one. Cowpland was kicked off of Geacs board which was a smart thing to do.

This could be one reason why the US investors are not that keen on investing in CDN companies. The TSE has got to change this little loop hole for the insiders to protect us poor investors.

JMHO
Mike