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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?


To: Kurthend who wrote (2562)9/3/1998 4:51:00 PM
From: RockyBalboa  Read Replies (1) | Respond to of 18998
 
I do not know your position in GMGC, as you did not disclose.
But in case you are long it, I can tell you what: Don't fight the tape, if you follow the short term market action too, which can tell you a lot about stocks.

I agree it is possible that a company is able to pull out on its own bootstraps but for highly leveraged GMGC it will be a hard time. Do not forget that we are in an overall bear market where companies reflecting value in terms of generating positive future cashflows may maintain their proven market value while others, more development stage co's do not.

Thank you for your suggestions, though

Christian