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


To: scott who wrote (2801)4/14/2000 9:32:00 PM
From: Hepps  Respond to of 6516
 
>>well, I still feel very positive about the future of GMST. I nibbled some more GMST a little too early yesterday. Still positive though.
<<

I too bought more GMST today. This has been a painful week, but I've just gritted my teeth and put the dry powder that I was saving for a rainy day to work. If you're buying stocks with a good future, (like GMST), then this is just a small bump in the road.(maybe not so small!!)

I've been loading up on the stuff that I like, but has been unfairly dragged down with the rest of the market. In my opinion, nothing has changed, we've just been knocked down a few pegs. The only way that people will be able to secure their retirement plans is in the market, the week hands are being shaken out, and margin calls are making for some huge bargains. Those of us who are holding aren't going to be selling on the way back up, so we should gain some ground in the next few months.

I don't expect to see NAS 5k this year, but did anyone ever believe that the PE's could hang where they were? If it's possible to be an aggressive growth value buyer, I'm it. Regardless of the conditions, I'd be happy to own GMST, CSCO, QCOM, and a few others. With armor like this on my portfolio, I know I'll be the last man standing on the battlefield.

Remember OCT, of 98, CSCO traded at 10 bucks (split Adjusted), AUG 98? ATML traded at 3 bucks(split adjusted)
The point here is that there are some great bargains here, you just need to buy companies that you wouldn't mind owning for a year or more....

Good luck to all, John