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Technology Stocks : GST Telecom. Unfollowed and Unloved?
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To: Olu Emuleomo who wrote (7)5/18/1996 10:14:00 PM
From: Steve Landrum   of 47
 
Thanks for the reply Olu,

I felt lucky to have picked up GST when it pulled back to the
10's after the Morgan Stanley recommendation. Of the tech analysis
books you recommended, I have already read William O'Neil's and will
check out the others. I am currently reading "Technical Analysis Explained" by Martin Pring.

Using the CANSLIM approach, the only thing GST is lacking is the
current earnings, but I am hoping that this will come along. I am
looking at GST as being a little early (more of a venture capital play) to be a pure CANSLIM pick.

I did manage to find that the institutional holdings of GST was around 10% at the end of March. I suspect that it is much greater now after the recommendation.

There is a professional trader where I work that likes the GST chart
now and recomended that I hold it.

Happy investing,

Steve
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