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 (2226)	10/24/1997 12:51:00 AM
From: Machaon	Read Replies (1) of 3431

Skeets, I had nary a PUT going today, so I got a little bit of a haircut on some of my holdings. I tried to pick up some OEX CALLS today when the market was down 220+ points, but my cheap bid price was never picked up and I eventually cancelled the order. I wonder what tomorrow will bring?! What's interesting about my holdings is that the Market/MM's lowered the Bid but raised the ASK. So, it costs more to buy the stocks and you get less to cash them in. I guess it makes sense in a big down day. << my gtw puts should hit big tyme pay dirt tomorrow. >> It would be great to hear that you've made a killing on them. Good luck tomorrow! Good move on cashing in some of your GEMS. Are you looking to buy back in? Glenayre is a tough puppy to figure out. On one hand, their NPCS market is slow. This was the area, I thought, that gave them the biggest margins and advantage. On the other hand, their one-way paging market improved by 28% sequentially. Not bad, but lower margins and more competitive, IMHO. I've got a lot of respect for the manangement of the company. If the price gets down around $13, I'll consider a position in the stock. Regards, Bob

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