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Technology Stocks : General Magic

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To: James Strauss who wrote (10046)	9/4/2002 4:36:41 PM
From: Seconds Out	Read Replies (1) of 10081

Jim, I have to...gulp...agree with Dave about the importance of the charts at this point in time. GMGC does have a slight chance at putting together financing. A very slight chance. It would be extremely dilutive. I cannot think of any other reason for the price to have moved up lately other than some folks just taking a shot at a quick pop after financing prior to the realization of the dilutive nature of it. Maybe the money in the bank would outweigh the dilution, but I don't feel good about it. Again, that financing is a long shot, and all other scenarios don't appear to leave any value for the common shareholder, imho. Of course, I hope you are right and I am wrong. Seconds Out.

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