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: John Basten who wrote (2235)	10/24/1997 4:45:00 PM
From: michael r potter	Read Replies (1) of 3431

Sold 1/2 on Wed. !/2 on Thu. Decided that to hold any longer would be based mostly on hope-a decidedly worthless reason. Technically: Trading below 50 and 200 day moving avg., broke support at $14.00 low volume on up days, increasing volume on down days, no sign of capitulation, and not yet oversold. Would sell into any rally and redeploy $ into stocks that show great resistance to this general mkt decline after it runs it's course. Yesterdays decline in the general market was greeted by a huge yawn. Frightening complacency. Before it is over, a measure of fear and respect for risk will be restored. Thankfully bonds are behaving well. Good fortune to you all.

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