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: Linda Kaplan who wrote (2366)	12/3/1997 10:18:00 PM
From: Sunny Jim	Read Replies (1) of 3431

Linda, <So, will we get to 20 in the next couple of weeks?> I seriously doubt it. In this market I doubt that the news will even budge the stock. In fact, in such a "sell on news" market, some investors will see news and sell because that's what they have been waiting for - doesn't matter what the news is. If the stock goes up at all, there will be selling pressure at 11 1/2, 11 3/4, 12, 12 1/2, 12 3/4, etc. Not a good time for GEMS. Your'e going to have to wait until after the first of the year, probably after decent first quarter earnings to have a hope for anything close to 20. Still Long GEMS,

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