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Technology Stocks : Gemstar Intl (GMST)

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To: TigerPaw who wrote (1817)2/8/2000 10:26:00 AM
From: Daniel Levy  Read Replies (3) of 6516
 
I sold my GMST today. I must admit, I've had a very bad feeling watching this stock that has so much potential drop like a rock for 2 weeks before earnings are announced. I've held several other stocks with similar patterns before earnings release, and was hurt very badly. I've given up trying to be smarter than the market.

Obviously, despite what many on this thread forecast about the future, the market is not too happy with this stock. Be it the lawsuit, the recent purchases, or just the general fascination with other investment areas (i.e., Internet stocks or semiconductors), for now, I'm putting my money elsewhere.

Daniel
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