Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: Jimmyjohn who wrote (745)	11/7/1999 5:27:00 PM
From: Lucrative	Read Replies (3) of 6516

>>See no technical or fundamental reason the price should close below 80.<< Fundamental reason is 50 times sales, and all the potential already factored into stock price (this is no undiscovered gem). One piece of bad news, and bye bye birdie. On the technical side, advanced chart readers see deterioration. Smart money started running out in beginning of October. If you feel you must hold then at least sell if it breaks your 80 support level. Don't let ego get in the way if it falls below that. I've been there. Take your small losses cheerfully, most especially if it's a "sizeable position." Good luck.

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