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


To: Stephen M. DeMoss who wrote (1967)2/11/2000 3:35:00 PM
From: MARK BARGER  Read Replies (2) | Respond to of 6516
 
I closed out most of my Cree trading position this week after the amazing run up and put into GMST before earnings right around 67. Of course Cree explodes up 17 the next day while GMST tanks about 5 pts. BUT, today's trading is what I have been looking for with GMST. I thought the earnings report was very good. GMST, like Cree, has the ability to crank out some tremendous earnings in the next couple of years. I think GMST will really take off after the TV GUIDE deal.

At any rate, it appears that the market does like the report and we may have put in a bottom in the low 60's and cnan head up from here.

MB