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To: luke womack who wrote (3087)7/31/1998 2:49:00 PM
From: Phone Cat  Respond to of 10081
 
My advice, for what it is worth.

Sit tight. Don't expose yourself any further, but don't
sell into a panic. This is the path I'm taking, and I'm
heavily invested in this stock too!

Good luck. I truly believe, over the long haul, we will
earn reap the rewards on this stock.



To: luke womack who wrote (3087)7/31/1998 2:56:00 PM
From: David  Respond to of 10081
 
You shouldn't feel bad about how you have invested in this stock. What you need to decide is if you are an investor or trader. If you entered the stock as a trader and now have no more funds to trade with as they are tied up in gmgc, then you have a problem. If you are an investor then you have nothing to worry about. Unless of course there is a fundamental problem with Portico we don't know about. This is a great product with great long term potential. I would venture a guess that by years end you will be able to profit on those trades nicely. I have a sizable long term (for me that would be 3 to 6 months) investment in gmgc and I would like to see at least 20 by year end. I make my living as a day trader and love these days (and don't post relating to that activity), and with my daytrading research I decided to invest long term in this one. I think we have a very strong product with Portico in an industry sector that will be very hot and very soon. Good luck with your decision.



To: luke womack who wrote (3087)7/31/1998 3:30:00 PM
From: Strategy  Read Replies (2) | Respond to of 10081
 
Here's my advice, for what its worth.

Sell your stock. Save what's left of your money and buy a book on trading. All of the signs that a break was happening were there if you knew what to look for. If you really want to buy a stock with a lot of hype, a product no-one has ever actually seen, no customers, and a loose float, you should have been prepared to take a hit and had an exit plan. Remember, greed is not an investment strategy.