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 (2117)	10/16/1997 9:31:00 AM
From: Machaon	of 3431

<< Earnings were not due until 10/27 the last time that I looked so you still have some time to buy those puts. >> BUTS!!! Options expiration for October is this Friday. Even though I'll be buying "November" 15's today (if I can get them for $.50; that was the "bid" price the last I looked), stocks tend to get a little wacky around expirations. << 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 >> The silence is deafening! If you look back at my old posts, I was a bull on GEMS at times. I was also holding GEMS, at $34 per share, when they pre-announced bad earnings and took the first leg of their dive to about $20. OUCH!!! That was definitely NOT a great ride! Fortunately, I was able to eek out a small profit, instead of a loss, at that time, by playing the moves from $20 to $25+/- before it went SPLAT again. Never-the-less, it was a greater ride up from single digits to $20. This option play is strictly wagering a bet. Most option players lose. Good luck. Bob

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