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To: Ray Rueb who wrote (3669)9/2/1998 2:58:00 PM
From: Don S.Boller  Read Replies (1) | Respond to of 10081
 
Ray: INTERESTING (cross) POST....................WHO KNOWS
whether the poster is an ex-specialist (why leave the "house
side of the table" ????)....that said, from my experience - 16+
years as NYSE RR....most of what he says is RIGHT ON.
The game has always been "fixed" to separate the small
trader from his bankroll. ("All traders die broke"........yes,
and most hedge fund managers too).
BWDIK
Best,
Don



To: Ray Rueb who wrote (3669)9/2/1998 11:23:00 PM
From: Ray Rueb  Read Replies (5) | Respond to of 10081
 
GMGC Calendar

We need more items for this calendar! Private message me or post.
Also send corrections, comments and opinions.

1) Next announcement or press release: approx 2 weeks from Aug 28 (or Sep 11?),
this is based on my guesstimate that GMGC manages
at least 1 press release every 2 weeks or so.

2) Earnings report: approx 90 days from July 29 (or Oct 29?),

3) Convertible Preferred shares become convertible at a minimum of $5.00? and a maximum of $19.575: approx 5 months from Jun 24 (or Nov 24?) Related info:
Message 5026873
Message 5057260
forbes.com

4) Options expirations: Third Friday of the month; Sep 18, Oct 16, Nov 20 and Feb 19.

5) Announcement of serious relationship with MCI based on
2 MCI heavyweights on the board and no announcement yet made.

Please add to this list!



To: Ray Rueb who wrote (3669)9/10/1998 8:42:00 AM
From: Ray Rueb  Read Replies (2) | Respond to of 10081
 
RE: When will we hit bottom?

<< I am convinced we will hit bottom exactly when the MM decides he's ready to change his position from short to long. How will you know when this occurs? >>

I think there is a mathematical bottom for a healthy GMGC...

Call your broker and ask what are the margin requirements
for selling February 12 1/2 puts when GMGC stock price hits $3.50...

I believe margin requirements go to zero.

Am I wrong, or was my broker mis-stating actual requirements?