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: Jeffrey L. Henken who wrote (1869)	9/10/1997 5:40:00 PM
From: Wuihan Cheah	of 3431

GEMS may look bad these 2 weeks because of the pressure fropm profit taking. Might as well since it has risen all the way up to 20's. A pull back is expected, but technical wise, I am sorry that I have to disagree with you here. GEMS produces top of the line technology. PCS is rising, and one of the major provider, OMPT is quickly pacing ahead. And since OMPT uses GEMS products, it wouldn't surprise me if GEMS will have a quick upward trend along side with OPMT, who has been doing so well. Not to say that GEMS will depend solely on them!? Anyway, this pull back may even pose as a great buying opportunity for the big buyers. I am not surprise if GEMS will go to as low as 15, but will not surprise either if institutions start loading up at that point too. Maybe so that the good news have been sold off by the end of the day, but the ones who bail are mostly short-term players. I would, if I were one of the short term players. Since I am in for long, I for sure wouldn't want to miss out the long joy ride for a short exciting ride instead. My opinion. WH

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