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Technology Stocks : Genesis Microchip (GNSS) -- Ignore unavailable to you. Want to Upgrade?

To: Peter Dierks who wrote (1220)2/1/2006 9:41:21 AM
From: OldAIMGuy  Respond to of 1277
 
Hi Peter, No need to hurry according to my market risk indicator. It shows the NYSE and NASDAQ nearer their ceilings than basements. Both exchanges' stocks need to "earn" their right to go higher, so to speak.

I've bought twice in GNSS since around November and its going to take a further drop to get me interested in spending down the Cash Reserve for this stock.

I've not checked their P/E in a while but whatever it is, the next earnings report will tell us what's next.

Keep some powder dry,
Tom



To: Peter Dierks who wrote (1220)2/1/2006 11:37:56 AM
From: OldAIMGuy  Read Replies (2) | Respond to of 1277
 
Further on GNSS, Their P/E is pretty lofty. Maybe I should be a bit tighter with the purse strings until we see some deeper discounting on the price to earnings.

Best regards, Tom


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