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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: 8bits who wrote (2867)10/22/1998 8:32:00 AM
From: Linda Kaplan  Read Replies (1) of 3431
 
In the past, when this stock has moved up, it has moved up strongly, so a very high percentage gain is possible from prices like this. Prices in 1996 to around 55, in 1997 over 20, 1998 around 16. I'm not trying to tout the stock or convince anyone else, but just explaining that I see significant upside potential. On the daily chart I see a double bottom before that rise to almost 8. There are some mixed indications to me, and I must say I'm not a real expert on TA, but basically I think the tide may be turning here and even if not here, later, there is a lot of potential for the stock. That's why I'm holding it, at a loss, and with a significant position.

--Linda
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