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.

Microcap & Penny Stocks : Global Intellicom--Symbol GBIT -- Ignore unavailable to you. Want to Upgrade?

To: majormember who wrote (775)	9/5/1998 2:14:00 PM
From: Ron Harvey	Read Replies (1) \| Respond to of 1096

The company has turned around, and even though there's dilution in the works and some benefit from tax credits because of prior losses, there's considerable upside potential here that's lacking in the vast majority of penny stocks. Just last May this stock hit a high of 2 5/8. With a positive business announcement or two and a strong earnings report in November (which certainly seems likely), GBIT could well breach that price. And that'd be consistent with the nature of really small stocks (which I very rarely buy) that offer legitimate good news and prospects for a future that go beyond mere survival. At the current price I believe you don't even have to like the company to buy it and make money. (It's now selling for a little more than simply the spread on many options. And this one doesn't expire.)