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


To: StockRanger who wrote (1841)1/23/1999 5:19:00 PM
From: Baz Luhrman  Read Replies (1) | Respond to of 2585
 
My logic is not always Logical. In regards to it dropping to 2 1/16 yesterday I couldn't pick it up if I wanted to. I don't know about you but I buy my BB stocks through Charles Schwab. The delay on buying and selling before I my order closes is generally 15-30 mins. The price of these stocks are moving so quickly it would have been nearly impossible to get it at 2 1/16. Since BB orders aren't auto executed they take time. If you can enlighten me on this I'd appreciate it.

In regards to my illogical logic I don't think anything significantly positive will be happening to this company in the near future - atleast in the words of Hammer, "that's what my crystal ball tells me." The illogical logic at picking it up at a lower price is to protect myself against extreme disappointment. This is a cash cow for Mr. Chu. Even know my crystal ball tells me that things may currently be amiss I still have confidence that James will pull this thing together at some point. If and when he does I want to have some position if only a small one. It's simply an insurance policy. I'd rather be a little disgusted that I threw a few thousand dollars away than watching the stock someday move to 60 knowing that I sold several thousand shares in the 2.50 neighborhood.

I only know what I know and even that I'm not sure of.

Regards,

Illogically Logical