Forum Archive Index - September 2000
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[sharechat] Genesis/FEG
Genesis - I fully agree that those lucky enough to have obtained pre-float
shares in GEN should pick their profits and run. I predict that there will be
more profit-taking in the week to come. GEN is truly a long-term stock and one
for the institutions. I wouldn't buy into it for anything more than $5 because
that's the price the institutions paid to get in.
Fletcher Energy - I disagree that investors should sell. The stock has been
valued at $12 (at the minimum) and to sell at $9 would deny oneself of another
33% capital gain. Like Fletcher Paper, this is another "sure" bet for
investors and why sell hastily out of a winning position?
Just my thoughts.
Rebecca
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