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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: Jeffrey L. Henken who wrote (1569)7/23/1997 4:06:00 PM
From: Thomas C. White   of 3431
 
It may go higher, certainly, but it will have to pass through a resistance in the high 20's I think. A really big Q would probably gap it right through there as GEMS has a historical tendency to gap up or down due to earnings surprises (gaps as much as 20 - 30 percent are not uncommon). It pays to do a detailed study of a 2-year volume/price chart on this one.
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