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

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To: Machaon who wrote (2115)10/16/1997 12:30:00 AM
From: Jeffrey L. Henken   of 3431
 
Hey Robert! I don't care whether you are a bull or a bear as long as you continue to be honest and upfront about your opinions. You may have noticed the press release from earlier today that I posted. GEMS has often had a habit of making a number press releases all within a relatively short time frame. In other words now that we have seen one press release from GEMS(after over a month of waiting) you may want to wait before buying all the puts you can. Go ahead get some tomorrow morning if you like but if GEMS comes out with more press the next few trading days the stock might continue to rise. The higher it goes the cheaper those puts will be right? At the very least, I for one agree that nothing in any of Glenayre's press releases this quarter thus far has given me any great deal of confidence that GEMS will even meet earnings(prior to charges). Earnings were not due until 10/27 the last time that I looked so you still have some time to buy those puts. OBTW I am long but unfortunately I am a realist. Regards, Jeff
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