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Strategies & Market Trends : Stock Watcher's Thread / Pix of the Week (POW) -- Ignore unavailable to you. Want to Upgrade?


To: Stock Watcher who wrote (1601)1/31/1999 10:58:00 PM
From: Francois Goelo  Respond to of 52051
 
Stock Watcher, UPDATE on GTCI...
The CEO would not reveal financial details because it could be construed as insider trading, since the company is not yet reporting, but soon will be. People who talk to Mr Dumas on a regular basis, report that all appears well and that they have enough cash on hand. A major announcement is imminent and they keep on accumulating shares.
My own opinion is that GTCI has formed key alliances with the top Chinese brass in Telecom, including some exclusive contracts concerning Internet provision and Y2K solutions. It is very likely that it will act as the "General Contractor", putting the deals together and supervising their execution by other subcontracting Companies. I think Management is quite capable and that everything will come together when they come back from China, next Tuesday.
A number of the regular contributors on this thread and others have sent me PM's saying that they have been quietly accumulating or are about to. Volume on Friday was, at 162,000 shares, double that of Thursday. I think this is going to be big!!
Regards, F. Goelo
PS: one of the software used is Globalfix 2000 by Viacor.