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.

Strategies & Market Trends : Market Gems:Stocks w/Strong Earnings and High Tech. Rank -- Ignore unavailable to you. Want to Upgrade?

To: Rick who wrote (19932)	12/16/1998 6:49:00 PM
From: Jenna	Read Replies (1) \| Respond to of 120523

GFI.. rarely do stocks I buy tank, my protective stops are extremely tight, I trade with discipline and rarely act on emotion, and never look back when I leave profit on the table and every stock I buy gets researched fundamentally and technically. They do lose a few points here and there but not 40% in one day. That happened with GFI.... My only tankers in 1997-1998 were ZBRA and GFI.. ZBRA has long since given me better trades and I lost 3k on its option. GFI took me a while to even look at again, I lost about 8k on that one. Now I see tht chart looks okay. The momentum indicators are showing very bullish (MACD, Relative strength, CCI).. Volume indicators also indicate the same. I'm not too good at support /resistance line for such low priced stocks but lets say the support looks to be at 2 15/16 and resistance at 3 3/16. As far as fundamentals, I would not bank on this company. It still has loss estimated for the entire year and the reporting quarter is expected to lose more than the same quarter last year. Next quarter and next year the losses looking to widen. from (-100%) to (-180.00%.. I really think you can do better elsewhere. Becuase the tech chart is not bad, you might be able to get a 'bounce' trade once in a while, but for 3k for 1,000 there are better prospects where you can sock away 1,000 shares and do much better...That is only my opinion and I won't say it isn't tainted somewhat from personal experience with GFI.