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Microcap & Penny Stocks : General Stores - GSIC -- Ignore unavailable to you. Want to Upgrade?


To: Aubie who wrote (631)3/10/1999 7:47:00 PM
From: Rich Investor  Read Replies (1) | Respond to of 972
 
Roddy,

Appreciate your comments and feedback, but if you take a look at BIDN (also on SI home page) you will see the same thing over there.

An auction site that has yet to host its first auction. It's trading at $20/share presently.

I am sorry you lost a few dollars today, but I can see an awful lot of impatience out there and sinister scenarios being formulated all because the stock dropped today. I wish it hadn't either, but the fact is there's nothing we can do about it. Posting conspiracy-type garbage like Popiye has done does nothing to help the situation beyond spreading unnecessary fear IMHO.

>>having said that I hope the company does well and I may get back in shortly when there is a product<<

LOL I just hope you don't get back in after the run-up and your chance to cash in some profit.



To: Aubie who wrote (631)3/10/1999 8:19:00 PM
From: Big Easy  Read Replies (3) | Respond to of 972
 
Roddy, just a few comments:

1. You only lost money today because you sold.

2. GSIC does have a "product" in the form of a service they provide.

3. Not only do they have a "product", they have had positive earnings for at least the last two years. This was just on their business in Canada and before their new web page debut which will come about shortly.

4. Their association with GNET will give an already profitable company even more credibility and and huge exposure all over the internet.

5. The best part of their new web page is the text under the graphics. We now know for sure that they intend to use the internet to sell groceries to anyone who is connected to the internet and not just to people who use their carat computer. See post 534.

6. People are willing to pay for convenience. I should know. I'm a professional, sole custodial, single parent who doesn't have a lot of extra time on my hands. The potential market for their services could be astronomical, and I don't know anyone else who is even thinking about selling groceries over the internet.

7. This company is still in its embryonic stage, IMHO.

Big Easy