To: Stephen O who wrote (2125 ) 6/1/1999 5:52:00 AM From: Ulster1 Read Replies (1) | Respond to
Welcome to the market gang! Every stock is risky. I look at GLE like this...This stock has the potential to double and then some. That is why some of us greed-mongers play the pennies (my greedy self included). The difference with GLE is this... It is not a one play wonder. Their success is not dependant on a buyout or one massive contract. To be honest yesterdays' announcement did not get me too excited. What yesterday's NR did for me was instill confidence. Lets take a worst case scenario...No buyout, no massive exclusive contract with a major. What are we left with? Well, with most pennies you are left with another shell company. With GLE, they have proven once again that they are growth orientated (with or without the big boys). Obviously management could rest on their laurels, and perhaps put out a couple BS announcements regarding their talks with supposed majors (you know, we have seen them - like most of the penny plays) In this case we would be left with a stock that will grow. Obviously the share price would fall off, as there is much speculation in regards to acquisitions, etc. In one years time I would have a profit, due GLE's own growth. These 19M contracts really add up. So here we have the upside of a penny play, with the comfort of a real company. I hate to ever sound promotional. I am one of the worlds biggest skeptics. I do not pay attention to Sprott's buying, Ive seen too many jitney's. We have to focus on the company. I also like the fact, that when I called GLE, I did not get a promotional PR guy. Lets look for some US buying early in the day, as many of them got caught on their holiday. I think there will be a lot of profit for traders tomorrow. Best of luck to all of us who held, and bought on dips!
