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To: Straight Up who wrote (5229)2/18/1999 4:40:00 PM
From: Subu Darbha  Respond to of 10081
 
All Bulls of GMGC,

What do you make of the recent GMGC price action the last few days ?
Thought that the rock bottom of this stock was 5 1/2 and it is
down a point further. My understanding of this stock following it
for a year is that it has no successful revenue bringing product.
Balance sheet doesn't look good at all.

It can only go up based on alliances and/or partnerships none of
which seem forthcoming in the future to me. In a raging bull market,
this stock is bringing heavy losses to all its holders.

Can you folks shed some light on the short term (next 3 to 6 months)
and long term (1 year and ahead) price of this stock ?

I am getting doubts on if there is light at the end of the tunnel
for this stock or not (either short term or long term).



To: Straight Up who wrote (5229)2/18/1999 4:44:00 PM
From: Sea Otter  Read Replies (3) | Respond to of 10081
 
I called friends who should know, asked about for rumors,
and scanned the web. Nada. Nothing to explain this volume
at this price. Anyone have better luck?

If this were driven by retail I would expect someone to be
able to tell me a credible negative rumor. But I haven't
heard anything. As far as I can tell, GMGC proceeds
ahead as planned with all being well.

Institutions? Maybe, but seems unlikely. If there were
news bad enough to cause this volume and dip over
several days, we should have heard about it my now.

Evil converts? If this theory is true I would think
we'd rebound shortly as their positions change. Certainly
no sign of that yet.

My breakeven is @5 3/8. I have this thing about selling
at a loss when there isn't any known substantive reason to do
so. So I'm holding and watching. (And doing some limited
extreme bottom fishing).

Sea Otter