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

To: Jeff Bond who wrote (3441)	7/25/2000 11:50:18 PM
From: Jeff Bond	Respond to of 6516

>>One last point, on the technical front: $56 to $57 looks good to enter all, enjoy the ride :o)<< Entered short position $59 today, based on MACD histogram and Stochastics. Exit strategy is at stochastics top, or MACD stall, possible $72 range. Best of trading, still have my puny long position. Any thoughts on PE, looking little rich at 187 to me, anyone else thinking the same thing? I think some numbers might be required before we see too much more appreciation in price. The possibilities are there, but until number to back up this potential begin to materialize, the big boys may be reluctant to cough up the big dough. Regards, JB