Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: Lucrative who wrote (735)	11/7/1999 6:00:00 AM
From: unclewest	Read Replies (1) of 6516

I see an overextended stock price, a broadening formation, wide and loose pattern, and underlying, heavy distribution that began in early October. yeup! i think you are on to something. let me suggest a book to you. introduction to technical analysis by martin pring about $75 with cd's. since i got most on my shares at 68 in early october (the 5th i recollect). i see a stock that is up 30% in 30 days. i am quite grateful for the distribution pattern. you see some of it was distributed to me. of course you read it one way and went short based on your ta method. i used lots of dd and went long. lucrative, this may be the greatest homerun opportunity of your life, but you will have to switch from left-handed to right-handed to hit it. uncle frank compared gmst to qcom. look at the similarities in qcom's chart earlier this year and gmst's now. qcom has gone from the 20s to 300. quote.yahoo.com uw

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