Poet, Also, if you check Big Charts and Clearstation, you will notice a MACD cross over, again a bullish signal for GMST. Long Term Gemstar is a winner, however it is not in the tornado and therefore short term plays are speculative.
FWIW, here is a link to Clearstation.
clearstation.com
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Also, TV Guide is trading almost exactly at the agreed merger ratio for the GMST shares over the last few days.
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GMST is a very Risky stock in the short term, however as we know with Qualcomm, earnings will drive this company forward and once the merger is announced shortly, it will remove any of the uncertainty. GMST went up during the first week of March from ~ $70 to $107. Can you imagine all the short covering that has to take place when the merger is announced or other major events like the earnings.
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Yes, I agree with you, the low risk method to play GMST is with common, however time will tell with the other options.
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David |
