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 (1645)	7/25/1997 8:06:00 PM
From: Machaon	of 3431

I thought that today's action was very bullish. GEMS has gone from $8 to $20 in three months. We've had a short period of profit taking, where the stock already came down from $20 to about $17. There are a lot of investors that have been averaging down from the $50's. A bunch of them are probably happy just to break even. So, the GEMS bulls are going to run into a wall of those investors who have stared at big losses. The fact that the wall of sellers couldn't drown GEMS today, and that the buyers won out at the end, is a pretty nice picture, don't you think? I've been in and out of this stock several times. I'm "in" right now. The problem is when to get out next. I think we have some more upside, unless the entire market dumps, and eventually we could see the 30's Regards and good luck, Bob

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