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

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To: DD™ who wrote (1975)9/17/1997 12:56:00 AM
From: Skeeter Bug   of 3431
 
double, using technicals and ignoring the overall market sentiment is very dangerous. people are cautious due to motorola's problems and the high dollar which makes exports very expensive to asia - grms hot growth area.

caution can turn to fear and panic quickly.

however, i would definitely own this stock because of the great longer term (6+ months) potential. i just wouldn't own a full position as it might go sub $12 before it hits over $20.

btw, motorola said the problems are expected into q4 so their is nothing to get too excited about for at least 3-5 months.

the reasoning will be, "it's a tough market now. gems did ok but motorola got hit hard. perhaps gems is right around the corner."

this will be true even with a good solid q from gems.

don't load the boat, but make sure you are on the gem's boat is my best advice. jmho and analysis...
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