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Gold/Mining/Energy : Games Trader -- Ignore unavailable to you. Want to Upgrade?

To: John Paquet who wrote (361)	4/28/1999 11:42:00 AM
From: Ruby	Respond to of 1239

Low volume indicates we are due for a bit more of a correction and I think we will see 3 again only because of the type of traders this attracts. I am selling all my shares now because of your agreement that this needs to correct. Thanks

To: John Paquet who wrote (361)	4/28/1999 3:19:00 PM
From: Professor Dotcomm	Read Replies (1) \| Respond to of 1239

<smart players etc> At the risk of appearing irrelevant, it is worth rereading this morning's Globe & Mail article on Sony's PlayStation II. PlayStation accounted for 40% (yes, forty) of Sony's entire global operating profit for last year - and it was more than the total of all four US major TV networks combined. Few people have yet grasped the immense size of the video game industry in the US - and how much more advanced it seems than even Intel's latest products as regards microchip technology. Why is this good for GTR? Because, traditionally, its revenues spike upwards every time there is a technological shift. This article (and a similar one in the April 5, Forbes), mentions three different technology shifts over the next 2 years from Sega, Sony & Nintendo (each of which GTR sells). These new consoles will ripple on to GTR progressively. This makes me think that current revenue estimates for FY2000 and FY2001 are way off base. The current trading range is attractive: probably within a band of $1.25-$1.75 (between $5.25 and $3.75) but because it jumps up again so sharply and because it only drifts down slowly it is dangerous territory. My buying price is between $4 and $4.35 depending on other markets being stable.