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Technology Stocks : Gemstar Intl (GMST) -- Ignore unavailable to you. Want to Upgrade?

To: DownSouth who wrote (1255)	12/29/1999 6:07:00 PM
From: pompsander	Read Replies (2) \| Respond to of 6516

Downsouth, I agree totally....this is all manipulation of a stock which does not have a lot of float to counteract the games being played. I believe that Gem* is still a relatively unknown stock (much like Qualcomm is ...or was) and with its inclusion in the NasdaQ 100, it is a window of opportunity for the MMs to rip everybody, I mean everybody, off. This could continue into the third week of January, when option expiration and the need for index managers to finally get their portfolios into shape will play this whole scene out.

To: DownSouth who wrote (1255)	12/29/1999 10:36:00 PM
From: robert duke	Read Replies (1) \| Respond to of 6516

Just bought the stock. I see a good year ahead for 2000. Would not be surprised if this stock tripled again in 12 months. When do earnigns come out next?

To: DownSouth who wrote (1255)	12/30/1999 1:41:00 AM
From: in_outdaily	Read Replies (1) \| Respond to of 6516

Gem was held down most of the day by 2 mm's (light volume) who obviously had some of the huge Form T trades after the market closed. There were only 4 10k trades during market hours, and they took place at 3:58pm. The goal: Hold the price down so that the 150-330k blocks could be bought cheap. Maybe they had to absorb 100k of 72-73's - no big deal when you have a 300k buy coming in at the close... Saved over a million bucks on just one of those 300k buys. BTW: Don't believe anyone was on the 'selling' side of this trade. When this happens the marketmakers have to sell out of their personal holdings. (Not sure how they are forced to cover the imbalance; maybe someone with more market savy can address this issue.) Anyways; I expect more of the same kind of games while the big boys take a position. Once they're aboard, we are gonna run. Maybe we see a run like the big Q... My 2 cents BIll