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Microcap & Penny Stocks : GBFE - GOLDEN BOOKS FAMILY ENTMT INC -- Ignore unavailable to you. Want to Upgrade?

To: RSkarsten who wrote (36)	12/13/1998 3:36:00 PM
From: JEM	Read Replies (1) \| Respond to of 476

The legal stuff I can get a grasp on, sometimes...<s> but these TOPrS, Senior Notes, etc and how all this stuff is or isn't ultimately reworked is WAY over my head! I'll be watching the trading of this one pretty closely next week. I'm wondering how much Y.E.selling we've seen/will see, with the huge nosedive it took this spring/summer. There appeared to be some pretty large blocks sold on Friday, but it also looked like they were getting picked up as fast as they were sold, for a while there....we could have closed a lot lower without it, IMO. This one also seems to react mighty quick when news is about to come out. I'm long in this one, but I've been taking the approach with this one of exiting when it spikes up from what looks like daytraders getting in, taking my profit, and re-entering when it calms down. The last time they reported, I believe GBFE had a cash per share value of a little over .50, so I'll be more than happy to pick up a little more under .25, especially if there's a chance their printing business will sell any time soon. Of course, they could file for bankruptcy protection tomorrow, and the whole gig is up...but my gut tells me Golden Books just won't disappear. Their name recognition alone surely would be worth something to another publishing concern before that happens, I would think.... The game is afoot! JEM