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 (1511)	7/22/1997 9:23:00 AM
From: Jeffrey L. Henken	of 3431

We are not communicating. GEMS is not showing isolated volatility. Most stocks are showing some volatility right now. It's your theory on stock trading that does not fly(work) at least not all the time. MSFT exceeded estimates but not the more important whisper estimates. IBM was the same last night. We are seeing a short term retrenchment in the market. You say 8000 by the end of the year and that you are bullish(but cautious). We have already seen 8000. If we do no better than that by year end again you are at best neutral. You say that the market is volatile here and there. I say where isn't it volatile? What I want you to do is go ahead and make a specific prediction on the short term fate of GEMS based on your observations of the stock trading before earnings. Why? Because you seem to think you can. You have told us you can predict whether the earnings will be good or bad by the stock's action before earnings are released. So how are those earnings going to be? Make your theory fly(work). Regards, Jeff

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