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Technology Stocks : Gemstar Intl (GMST)
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To: unclewest who wrote (1944)2/10/2000 9:58:00 PM
From: Stephen M. DeMoss  Read Replies (1) of 6516
 
UW, Don't get me wrong either, but what does my other holdings have to do with today's action in GMST? My point was that the stage was set for our light float stock to move with the broader naz market and it retreated from an already corrected price of 67+. I am not disillusioned with the company by any means. It was just hard to figure. Isn't fair to say you were surprised by the muted (if not negative) reaction to the upgrades and fine earnings? In terms of my favorite stocks, when I joined SI several years ago, I don't think they asked us that. My favorates are china.com, Cmgi, AOL, Csco, Ibm, and some second tier story stocks. I like GMST best and have 90 grand in options(Aug.) and stock tied up in it. I love the growth potential and the whole story related to it. Frankly I have sold calls on all my positions and have done so every month. They pay a very nice premium. I get assigned once in a while and get back in and sell out of the money calls month to month. I am not anxious about Gmst's earnings or future. I just was surprised at the markets reaction. Near term I am braced for a trading range between 611/2 or so and 71 area. As we get close to the deal closing, I look forward to a move into the low eighties. Thanks for your input. Steve.
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