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Technology Stocks : General Magic

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To: Kurt Goebel who wrote (3133)8/2/1998 2:33:00 AM
From: Ray Rueb   of 10081
 
RE: attacks on Sea Otter and Ray Rueb

Both Sea Otter and I are adults, and we can speak for ourselves.

First, thanks to Jane and Kurt for the kind words of support,
I need some now.

I blame no one else but me for the mess I'm in right now.

When GMGC went from 9 to 15, I had almost $450,000 in profits.
Right now, even with my day trading, I'm at zero profits.
Without a change in my portfolio,
At 7.625, I'm down my original investment.
At 6, I'm looking at $130,000 margin call.
At 4, I'm looking at $182,000 margin call.
At 3, I'm looking at needing the full margin amount of $284,641.56 because GMGC becomes unmarginable.
Is GMGC the only stock in my portfolio?
No, but the $44,000 of other stock doesn't mean too much.

So, did I pump up GMGC and then dump and run? I think not.

Am I laughing all the way to the bank?
Well, I'm going to the bank, but I ain't laughing.

I believe I became an adult at the age of 35.
That's when I started being responsible for my actions.
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