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Microcap & Penny Stocks : GGNC - GIC/Global Intertainment Corporation -- Ignore unavailable to you. Want to Upgrade?


To: Jing Qian who wrote (884)12/3/1998 4:58:00 PM
From: Norms  Read Replies (1) | Respond to of 2585
 
I would agree that GGNC is better positioned overall with much better marketing than most of their competitors. Fact is their Media Blitz has paid off royally in stock price and investor awareness. I'm sure that many investors wouldn't even consider a gambling stock under a dollar but at 3.00 - well that's a different story.

I hope that everybody has a chance to lock in some profits and stays for the ride with the rest.Somebody the other day mentioned double digit prices by years end which is entirely possible with the current marketing blitz in effect.

Good luck to all.............Norms



To: Jing Qian who wrote (884)12/3/1998 6:38:00 PM
From: DARPA  Read Replies (3) | Respond to of 2585
 
Jing, although I can't dispute your comments (aggressive indeed!) the (albeit limited) experience I have suggests that this stock will fizzle off, before it trends back up real hard - more fizzling than what's happened over the last day or two.

I will be okay with a fizzle mind you, because I didn't get in. Damn.

Even though 'Blessed' brought GGNC to my attention down near the $.50 mark, I didn't act. So I have noone else to blame but myself. Then, I missed at $1 5/32. But, fizzle or no fizzle, because of Blessed and the rest of you SIers, I'll be cheering GGNC all the way to the top right along with you. What a great find.

In the interim, I'll be looking for $1. It happens. Look at DCHT. Bang and then fizzle. Still a great company. But you didn't want to be the sucker to buy at $8 for example.

PS - Some things to think about. Has the US Government regulation scare vis a vis taxing etc. had the 'around the world' impact yet and has the negative spin already been built into the market price of the internet gaming sector? Also, momentum players will now be looking for 'real' GGNC earnings or empirical data to 'back up' aggressive claims made by Chu. Marketing can help, but only the numbers themselves can verify. It's going to take a few months. I am betting on an opportunity to either average down or sell completely (if you own shares) only to reaccumulate over the next couple of months, 6-9 at least. We'll see.

Lastly, have a read of the following note that is circulating ... it's all about making 'informed' decisions. I really don't know for sure what to expect.

Many organizations, located around the world, are actively pursuing a business opportunity generally described, often depending on one's point of view, as either internet gaming or internet gambling.

Governments have noticed this activity and have reacted in various ways:

1. Many jurisdictions view internet gambling as criminal activity. For example, the Justice Department in the USA recently brought criminal charges against 14 managers and owners that operated offshore and allowed US residents to wager on-line on sporting events.

2. In Europe, Austria has acted to ban internet gambling. The law prohibits “the provision or enabling of the provision of opportunities to participate in foreign gambling out of Austria”.

3. Other nations, including South Africa, Costa Rica, Antiqua, and Curacao, have begun licensing, regulating and taxing on-line casino operators with sites in their jurisdictions.

Equally noteworthy, other countries are studying these activities, but have yet to pass legislation or otherwise react.


Food for thought.

Jeff