Genesis Microchip (GNSS) Message Board

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Technology Stocks : Genesis Microchip (GNSS)

GNSS 2.330

+10.2%

10:06 AM EST

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To: LemonHead who wrote (499)	11/11/1999 6:46:00 AM
From: orkrious	Read Replies (1) of 1277

I got shares and I got money to buy more shares, but I haven't seen a reason yet My reasons: 1) This market is going to explode 2) You are paying a good price, approx 21 times this years earnings and 16 times next year's earnings. As the market explodes, next years estiamtes will prove way too conservative. 3) I'm just getting used to management. I listen to the last CC and they sounded okay. Time will tell here, but others on the thread are comfortable. 4) As of the end of August, GNSS occupied the largest position in Kevin Landis' FirstHand Funds Tech Innovators Fund. Because of the drop in price, as of the end of Sept it no longer occupied first place. But he has a lot of confidence in it and he has the #1 5 year tech stock mutual record. 5) You need to buy good companies when no one wants them. FWIW Jay

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