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Strategies & Market Trends : Joe Copia's daytrades/investments and thoughts -- Ignore unavailable to you. Want to Upgrade?

To: P.E. Allen who wrote (9681)	11/6/1998 9:40:00 PM
From: hoffy	Read Replies (1) \| Respond to of 25711

Here's a possible winner next week (GGEN). They are a small company that makes nutritional products. There are rumors going around that they have a deal signed with GNC, that GNC will begin selling some of their products. The deal is supposed to be announced next week sometime. IF it happens this stock will move very fast. There are less than one million shares in the float. Most are held by insiders or funds. I took a chance and bought in today because the volume was surging late in the day and it was bouncing off it's lows anyway. Even if the deal doesn't happen the downside risk is probably 1/2 point or so from here. if the deal happens and they get the deal with GNC, well this is an easy double from here. Maybe more. Again there is some risk here but the rewards can be great. Make your own judgement