Gemstar Intl (GMST) Message Board

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Technology Stocks : Gemstar Intl (GMST)

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To: NY Stew who wrote (1504)	1/19/2000 3:56:00 AM
From: Uncle Frank	Read Replies (1) of 6516

From today's Options Investor Newsletter GMST $84.38 +7.56 (+7.56) Gemstar was one of the strongest tech stocks out there today. It opened higher and kept gathering strength all day to close $0.88 off of its high. Indicators are showing that GMST may be a little overbought up here and it may need to consolidate a little before going even higher. On the other hand, as OI subscribers are very aware, stocks can trade in "overbought" conditions for a long time. A gap up might be a good profit-taking opportunity, looking to get long again about halfway back in the uptrend in the mid $70's. Some traders might be more comfortable using trailing stops to lock in profits. Either way, it looks as if we may have a winner on our hands, so good luck! And trade with a plan. Some of today's rally can be attributed to GMST's announced acquisition of two eBook companies, NuvoMedia and SoftBook Press. These properties should compliment GMST's media presence on top of the planned merger with TV Guide.

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