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Technology Stocks : Gemstar Intl (GMST)
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To: Scott Sorochak who wrote (742)11/7/1999 11:10:00 AM
From: Lucrative  Read Replies (2) of 6516
 
>>If you are shorting this stock purely on technical analysis, you may want to reconsider.<<

I do not deny that the company is good, with good management, etc.
However, the price of the stock has outpaced the value of the company. At 50 times sales, this is not exactly cheap.

It may be a gorilla, but even gorillas can get ahead of themselves for a while. A return to the 60's is likely. Perhaps selling here and buying back cheaper would make sense for the dedicated longs.
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