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Strategies & Market Trends : Floorless Preferred Stock/Debenture -- Ignore unavailable to you. Want to Upgrade?

To: xcr600 who wrote (377)4/2/1999 4:35:00 AM
From: DrTender  Respond to of 1438
 
I shorted GMGC in the fall. Any thoughts on CVOL ? Announced floorless yesterday.



To: xcr600 who wrote (377)4/2/1999 6:20:00 AM
From: RockyBalboa  Read Replies (1) | Respond to of 1438
 
GMGC... this is a real dog.

In January it briefly hit 8 at a point, but the lights went out with the bad news on 03-11-1999 and it fell briefly beyond 3.

A very reliable short. Everytime it went up to 7 and "howled" churned, it dipped quickly the other days. Chart is downward skewed by the ongoing heavy selling.

At least, there was a "bounce", which is not true for most of the nyse stocks.

You think, they pumup it up once more?

C.


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