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Microcap & Penny Stocks : GLOW - Global Games, Inc. - Great Profit Potential ! -- Ignore unavailable to you. Want to Upgrade?


To: bodie who wrote (6759)8/27/1998 2:29:00 AM
From: MMpro  Read Replies (1) | Respond to of 8879
 
Why is GLOW trading at these ($0.10) levels?
Simple! The hype is now out of this stock and reality is setting in...

AT this point in time, GLOW can be compared to other stocks that are riding the internet gaming wave, stocks such as TPIL and SGMS. These companies all offer similar products to GLOW and trade in the same price range(ie. $0.10). TPIL, for one, has a professional looking website which is already taking bets on-line, (something which GLOW is still working on) yet even this has failed to raise the stock price out of these levels.

The reason that companies such as GLOW, TPIL and SGMS are trading at such levels is simply LACK OF INVESTOR CONFIDENCE. These are companies which have consistently missed deadlines, failed to close announced deals, cancelled deals, and diluted their stock. Savvy investors realize that these are not promising signs, and these signs refect poorly on management's ability to reach the lofty goals they have set forth.

IMO, GLOW will trade at these levels until they are able to produce some HARD news (ie. EARNINGS). The internet gaming world is quickly becoming a cut-throat one, with only the best run companies having a decent chance of success. Unfortunately, GLOW's comedy of errors, delays and mishaps simply does not inspire that much needed investor confidence.

Peace

Riccardo