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Gold/Mining/Energy : Daytrading Canadian stocks in Realtime -- Ignore unavailable to you. Want to Upgrade?

To: Curly1 who wrote (6802)	4/13/1999 2:21:00 PM
From: speculatingvalue	Respond to of 62347

I've been following GLE for about a year. An analyst may explain the run, but more likely: - the stock was locked in between .90 and $1.50 for a year with volume of less than 10,000 per day. It sat on a p/e of less than seven for a long time. There is a lot of profit taking - many warrants were purchased below .09. I know I only paid a penny for mine. They were up 5000 times. Pretty tempting to sell short and lock in the profit. The gle.wt.a trading price consistently lagged the difference between the stock price and the exercise price. - a lot of people that got into this stock are day traders and momentum traders. They are easily spooked - even by this thread. The technology is a huge break through, but the company has an existing business selling thermoelectric generators and microprocessor heaters to the military. They landed an $18 million contract with the US gov. and have ramped up their heater sales to 200 per month (IE. earnings should be way up when announced in a couple weeks). They just won the Canada Export award. I predict that anyone that gets in under $4.00 will be very happy by next week when the warrants have expired.