<<GEMS looks interesting......I will keep an eye on em.>>
Yes, I like it as a long term hold at this level, but at the same time, if naz melts down, it may get cheaper.......please do your own DD and buy only if you like what you see. Personally, I was impressed with several things :
* Insider Buying
* Institutional Accumulation for 3 strraight qrts
* Nice Balance Sheet
* No Debt
* Profitable
* 50% increase in wireless
* Strategic shift to wireless
* Deals with Big wireless players including Qcom
* 35 year old, well respected company and management
* Stock beaten down
* possible high % ROI
Now, with all that said, let me again stress that in this type of market/economic environment, anything can happen. The biggest baddest gorilla's on the block are getting their ass kicked, so short term, who knows if we continue to base in the $4 - $5 range or re-test or break the lows. If we do drop, I do plan to add, as my outlook on this is a couple years out.....
Good luck
keith |
