To: Kimberly Lee who wrote (3955 ) 5/9/1999 7:13:00 PM From: Mudlogger Respond to
GLMC - Global Media Corporation Investment Strategy: I organized a club a few weeks ago for long term GLMC Investors, some of whom like to take short term profits. We're long because we believe in Global, and in the short time the club has been together Global's enterprising management has delivered to the tune of three runups 1) the Indie launch (4 1/8 to 5 11/16), 2) the announcement from Cannes that Global will be launching their website (4 1/16 to 6 1/8), and 3) the Real Networks Deal (5 5/8 to 13 5/8). We believe in getting fully invested, buying additional shares at bargain prices, and selling only partially during runups, to become fully invested again or buying additional shares when the price pulls back. Basically, the script has remained consistent for GLMC, as it does for news driven OTC stocks in general, and that is you tend to lose half your gains after a runup. The only glich has come with the big market wide internet sell-off that occurred after the Indie launch. It was great for the club however, as we held together and accumulated more shares with the bargain prices, and turned some profits with the last two runups. If you'd known of our investment strategy you would have anticipated approximately a million shares to be traded during the Real Deal runup (estimated from the short term volume buildup to the news), and might have turned a small profit at around 700,000 shares traded (more shares are traded up than down). If you'd been risking shares you wanted to keep, you would have known to buy back in at around 9, roughly half the gains from the runup.
