Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mike K who wrote (443)	8/5/1998 6:28:00 PM
From: make.it.co	Respond to of 1571

it's nice that they have a strong buy on geac, and it's attractive that the target is 75% above the current price, but scotia has lost a bit of credibility over the last month. they had a strong buy as the price dropped from $60 to $40 and lower, and all that time they had a target of approx. $80 !! i noticed today that the stock declined on low volume and lots of small transactions as sellers hit the bid. later in the afternoon a couple of houses started buying in bigger volume and the price recovered. it finished strong..... if you call closing at $34.25 strong! it's now trading at a whopping multiple of 12 times HISTORICAL earnings!! for investors that think $60 is a realistic target, geac offers a whopping 75% return. i guess it's about time that geac's management starts to deliver!! wasn't bill nelson brought in to stimulate some internal growth? nice job bill !

To: Mike K who wrote (443)	8/5/1998 11:02:00 PM
From: FreeFall	Respond to of 1571

I don't know about that prediction Mike K. It broke throught its 35$ support & how much lower will it go next? Sure it's cheap now but.... I think these predictions are only good to keep some sort of optimism going here while the stock continues to go lower. Sure would be great to see GEAC climb back to previous levels but I personnally think it's going to take a hell of a time before that happens. I sure hope they won't let GEAC's CEO come forward with some public announcement. It's the last thing we need cause, good or bad, his announcements so far have only help to drive the stock down further each time. Keep hoping for the better all the same. F.F.

To: Mike K who wrote (443)	8/6/1998 10:59:00 AM
From: Robert	Read Replies (2) \| Respond to of 1571

Canadian analysts are in the buisness of making money from their clients, not FOR their clients. In particular, the Can investment industry represents the biggest scam I have ever witnessed. Any time I lost money, it was based on advice from Nesbitt Burns, or info from Midland. Levesque are a joke, and Scotia are useless. Their targets are meaningless, and designed to keep their clients in their positions. I can't even think of a mutal fund recommendation that worked out. I also got frequent advice to buy when stocks had broken down technically. Maybe you have heard of star gold analysts like Egizio (Sp?) at NB. What do you think of his advice?.....R