Pump's daily trading recs, emphasis on short selling Message Board

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Strategies & Market Trends : Pump's daily trading recs, emphasis on short selling

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To: Michail Shadkin who wrote (3822)	7/13/2001 9:23:27 AM
From: mishedlo	of 6873

GNSS... Street may be too giddy over Genesis Microchip - paper NEW YORK, July 8 (Reuters) - Wall Street's enthusiasm over Genesis Microchip Inc. (NasdaqNM:GNSS - news) may be overdone, according to financial newspaper Barron's. The stock, which sold at over $7 back at the end of March, has surged to more than $30 on optimism over its digital imaging chips for flat-panel displays and projectors, rising revenues and favorable earnings projections, the article said. But the stock has a price-to-earnings ratio of about 75 times estimated earnings for the fiscal year ending next March, Barron's said. The company has also been sued for patent infringement by a rival chip maker and has seen large amounts of insider selling, according to the newspaper.

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