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: song deng who wrote (1509)	7/22/1997 12:11:00 AM
From: Jeffrey L. Henken	of 3431

Okay, I'll bite. So what did you learn from today's action? How can you expect the stock to trade higher in such a lousy market? Don't you think that with both MSFT and IBM missing whisper estimates that we are lucky the market isn't worse? Did you really expect that GEMS and the whole market could go up forever without pause? Of course not. You know what both MOT and GEMS have in common besides the obvious? Insider buying! If GEMS doesn't exceed estimates this quarter they will soon. Both MOT and GEMS have had expectations lowered significantly. That makes it easier to surprise on the upside. While I don't disagree too much with your observations I do disagree with your attempt to blanket these observations over every stock in every market. No way, it won't fly. Regards, Jeff

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