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Technology Stocks : Genesis Microchip (GNSS)
GNSS 2.350-0.4%Oct 31 9:30 AM EST
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To: Peter Dierks who wrote (1220)2/1/2006 9:41:21 AM
From: OldAIMGuy   of 1277
 
Hi Peter, No need to hurry according to my market risk indicator. It shows the NYSE and NASDAQ nearer their ceilings than basements. Both exchanges' stocks need to "earn" their right to go higher, so to speak.

I've bought twice in GNSS since around November and its going to take a further drop to get me interested in spending down the Cash Reserve for this stock.

I've not checked their P/E in a while but whatever it is, the next earnings report will tell us what's next.

Keep some powder dry,
Tom
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