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Technology Stocks : Glenayre Technologies(GEMS)- a pure cellular PCS play? -- Ignore unavailable to you. Want to Upgrade?


To: Skeeter Bug who wrote (2334)11/26/1997 7:18:00 PM
From: Nutty Buddy  Read Replies (1) | Respond to of 3431
 
Hi Skeeter. Just keeping my word. Back on 8/2/97 you posted:

To: Amir Shalit (1711 )
From: Skeeter Bug
Saturday, Aug 2 1997 11:58PM EST
Reply #1713 of 2340

i'm selling 1/2 my gems stock and buying swtx on monday. expect 50% move within
3-4 months. expect 20% in gems - but it has been very good to me and is still
undervalued ;-)

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Then I responded:

To: Skeeter Bug (1713 )
From: Buddy Conyers
Monday, Aug 4 1997 5:18PM EST
Reply #1720 of 2340

GEMS up 5% today, SWTX unch. IIIIII don't know?!! Your falling behind out of the
gate. Maybe this transaction bodes well for GEMS! GEMS gaining 20% in 3-4
months? 24? The up channel hasn't been breached yet. SWTX looks range bound to
me. I will remind you of this post Thanksgiving day.

Buddy

--------------------------------------------------------------------------------

On 8/4 SWTX opened at 7 1/4, now it's 8, up 10%.
On 8/4 GEMS opened at 20 1/16, now it's 10 7/8, down 46%

I must say that you timed the top of GEMS pretty well. SWTX still looks range
bound, but with hindsight, I wouldn't call that all that bad. It seems like 2
years has passed since then. Anyway I'm still watching GEMS waiting for the
intermediate term technicals to give me a signal. I really cannot believe the
pounding this stock has taken. This market is forming many nice opportunities.
It just takes a bit of patience.

Happy Thanksgiving To All!

Buddy