Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: Triffin who wrote (47242)	4/4/2002 10:06:44 PM
From: Mkilloran	Respond to of 99280

GMST moving higher after big drop. ""go long on the 2nd or 3rd day after a 'big drop' for the 'bounce' .. especially if it was a 'widely held' name as it took a couple of days for the institutions to lighten up and for the market to 'absorb' the 'news' that precipitated the event .. Recent examples would be ADLAC .. GMST .."" ---------------------------------------------------- Another thing to look for is support from top management after a big drop.. conf call to inform investors,activation of stock buyback,etc ------------------------------------------------------ Thursday April 4, 8:25 pm Eastern Time Press Release SOURCE: Gemstar-TV Guide International, Inc. Gemstar-TV Guide Announces $300 Million Share Repurchase Program PASADENA, Calif.--(BUSINESS WIRE)--April 4, 2002--Gemstar-TV Guide International, Inc. (Nasdaq:GMST - news) announced today that its board of directors has authorized an extension of its authorization granted in September 2001 to repurchase by the Company of up to $300 million of its outstanding shares of common stock. The authorization permits the Company to purchase shares in the open market at prevailing prices, or in privately negotiated transactions at then prevailing prices.