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: Skeeter Bug who wrote (2122)	10/16/1997 9:45:00 AM
From: Machaon	of 3431

<< i prefer to buy low and sell high >> I agree with you. I wouldn't touch any of the "bloated" stocks today. But, most investors that have stayed with these high valuation companies have made quite a bit of money. I'm just saying that we are currently in an economic cycle that rewards large, growing companies with high valuations. This WILL remain intact until the current anti-inflation, low interest rate, more-money-coming-in-than-going-out, cycle begins to turn. One threat to these high, but fairly valued, valuations is the possibility of deflation that is lurking right now. If the next PPI comes in higher and the CPI remains low, somethings got to give! Regards, Bob

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