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

To: Chisy who wrote (3099)	5/4/1999 9:17:00 PM
From: Linda Kaplan	Respond to of 3431

Well, life doesn't work in that narrow a scheme, Chisy. I first bought into this stock on 2/9/97 at a price of 14-5/8. I have held a position in this stock since then. I don't think you can accuse me of not holding onto GEMS, of treating it flippantly or of selling it off for a tax loss. I use a disciplined system for managing long term investments which meet certain standards. They are stocks I expect will at least double in 5 years, and which are volatile, going both up and down. As part of that system I buy more as the stock goes down and sell as the stock goes up. For a while this was a profitable investment for me. However, when a stock goes down this much I'd be absolutely bankrupt if I bought when AIM demanded, because I long ago went into negative cash reserve to support this stock. You really don't believe that I should be ONLY in this stock and should mortgage everything I own to buy shares in it, do you? Of course, you don't. Even though you believe it's a good investment, you don't personally have it as your ONLY stock and you haven't yourself mortgaged everything YOU own in order to buy more shares. Right now, AIM would like me to buy over 7,000 more shares. But AIM also has me in such a large negative cash reserve status, it's greater than the value of the investment itself. So, with that considered, AIM would NOT advise me to buy any more shares until I get a sell, and I don't get a sell till the stock's well over $8! I've had many more buys on this stock than sells, have accumulated as many shares as I'm comfortable holding, and will probably not buy much more, no matter how low the stock price gets, even though it's a much better bet here at $3 than it was when I was buying it over these two years. --Linda