Glenayre Technologies(GEMS)- a pure cellular PCS play? Message Board

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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?

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To: Leo Francis who wrote (1486)	7/21/1997 10:54:00 AM
From: Jeffrey L. Henken	of 3431

Well the stock could get cheaper still before earnings but I wouldn't worry over Song's concerns. I'm following about 55 stocks. Most have been doing really well until last thursday. I just checked and only 9 of the 55 are showing any profit today. This is a sell-off in the overall market. It should not come as any surprise to anyone who has watched this bull market pull back and consolidate numerous times over the years. If we knew nothing at all about Glenayre there still would be only three things that could happen to the stock as far as earnings go. We meet estimates, we exceed estimates, or we miss them. Unfortunately all the market is being hit by profit taking. Naturally this is hitting GEMS too. A good buying opportunity? I'd like to think so. Regards, Jeff

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