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Gold/Mining/Energy : Global Santa Fe (GSF) (formerly Global Marine) -- Ignore unavailable to you. Want to Upgrade?


To: don pagach who wrote (1238)2/22/1999 9:38:00 PM
From: Joe Cottonwood  Respond to of 2282
 
Since the stock price of GLM is 1/3 that of DO or RIG, it could have 3 times the volume and represent an equal amount of money changing hands.



To: don pagach who wrote (1238)2/23/1999 1:49:00 AM
From: Fredman  Read Replies (1) | Respond to of 2282
 
MAYBE if you go look at it, (some) people like to buy larger QUANTITIES of a quality stock, and a few months ago, DO and RIG cost a lot more than GLM. I realize same is true today, but i ask myself: should i afford GLM ? or SLB ? (or even DO and RIG ?) Which one has the best upside potential in terms of percentage ? No question here.
I know there are a lot of people that like to buy shares of 101 or more, and not everybody can afford 101 shares of SLB HAL DO or RIG, but they CAN afford 100+ shares of GLM NE ESV RDC CDIS and so on, and/or they can afford 100+ shares of many different companies here.
Look at what 100 shares of UTI will cost you, or VRC or TTG. Some like TTG are just not ready to be bought YET.
JMO.



To: don pagach who wrote (1238)2/24/1999 12:40:00 AM
From: stockid  Read Replies (2) | Respond to of 2282
 
Many of the answers can be a part of the reasons...but the main reason is GLM was a wall street darling. A magnificient story. S&P was recommending this stock with five stars just last year or was it six...whatever they gave GLM their highest rating. Strong instutional buying and a CEO who speaks for the whole industry. Dammit, people love GLM and the money it's made for them in the past and will make again for them in the future.

SK
Adding 150 shares every pay check.
Avg. cost 9 1/4
toal number of shares 1100