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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play?
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To: HB who wrote (2906)11/6/1998 11:33:00 AM
From: Linda Kaplan  Read Replies (1) of 3431
 
You've got the picture: he went from 6 to 7 and Becky from 7 to 6. But Becky bought a little late, and I was actually on the mail list and buying the minute it was announced!

Part of the problem is that Tokyo Mex and some of his assistants know the pick in advance, as does the person who recommended the pick! So several people can buy in advance of the announcement. When the announcement is made, everyone buys at once, and the stock gaps up, so the buyers have to chase it in order to get it. They are buying much higher than Joe is buying. It took me a while to get the picture. I'd be told to hold the stock, that there would be more news, but those stocks just went down and down and down, so when I first would have sold the loss would have been much smaller than later. I got stuck with four worthless stocks. On PEAFF, the story was that it would be moving hundreds of percent, but it just moved down and by the time he announced he'd sold, my loss was so great there was no point in selling it. I've also got RNTK, another one that's a big loss for me, but the promise is still in that one. The other three are cow fodder. I'll sell them for tax losses, so I don't have to watch the ticker quotes on them any more.

--Linda
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