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Strategies & Market Trends : WR's Momentum Trades -- Ignore unavailable to you. Want to Upgrade?

To: LANCE B who wrote (931)	12/10/1998 9:42:00 AM
From: Jim Spitz	Read Replies (1) \| Respond to of 11130

I don't know if any of you are into GBIT, but they have news out today regarding the merger offer from IGHS. The price on it is low about 0.56 right now. I am in as a longer term investment at over 0.90 and over $1. This may well move today. We have been expecting to hear something for a long time and the lower price lately has been because of no news for too long. GBIT has been profitable for over 3 quarters. At first their profitability was mainly due to tax loss carry over, but now they are making it on profits. Check it out and do some DD if you may be interested long term or even for a short play. Current prices are attractive. I won't be selling any time soon. I want the post merger units (stock and warrants). Stay in the Black! jimS