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Technology Stocks : Gemstar International Group (GMSTF)
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To: DavidG who wrote (9)2/20/1997 12:01:00 AM
From: The Thrifty Investor   of 226
 
Yes, this one went up less than its spread. Oh well, my explanation for this is that it has a relatively small float (10 million shares). Some mutual fund buyers bought into this last year running the price way up and got burned. Once burned they are twice shy. Given the small float the big buyers are staying away for now. However, if this company is still on a strong upward growth path a year from now with earnings anywhere around the $1.25+ that are projected, GMSTF is bound to trade significantly higher.
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