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Microcap & Penny Stocks : GLTI (Global TeleMedia International Inc.)-fomerly GTMI -- Ignore unavailable to you. Want to Upgrade?

To: jebj who wrote (400)	4/8/1999 5:23:00 PM
From: Smacs	Respond to of 613

The sellers were scared. They probably bought at .29 and as soon as they saw it dipping, they panicked which drove the price down further. That's exactly what the MMs try to do, especially on stocks that they know have recently got alot of attention. I remember with ALFN, I bought at .43 and watched as it was stepped down to .22 and then we all know what happened next. It was at $3.25 before I knew it. I barely even watched GTMI today. I'm confident with this one and can easily sit on it for a while (although, I doubt I'll have to sit very long;). -smacs-

To: jebj who wrote (400)	4/8/1999 6:04:00 PM
From: Cytotekk	Read Replies (1) \| Respond to of 613

jebj- this stock was mentioned on a couple of daytrading threads yesterday. The press release at 11:25am prompted a lot of buying. Some quick DD told the traders looking for a run up that his stock could get them a double or more. Good looking future profits, reasonable float. (That is why I bought, I see good longterm potential.) Some, looking for a momo play, thought that there would be a gap up this morning, there was not. Others took profits yesterday. By 10am this morning, when it was obvious that there were not going to be enough buyers to run the price up, the selling started. These daytraders are in and out, looking for the next double or better. They get out fast and cut there losses when things do not go the way they expect. You can't blame them...who knows how low the price will go after the dumping begins. Gamblers, putting their bets down and moving them to another bet with haste. You can make a living that way. Colleen in Orlando