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Technology Stocks : General Magic

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To: Tim Smith who wrote (3229)8/3/1998 9:34:00 PM
From: NTerprise  Read Replies (1) of 10081
 
While I feel bad for those who lost their shirts ...

I've been looking for this opportunity for a while now.

I've been watching GMGC for quite a while. The MagicCap was a cool technology but a little before its time (and not very well implemented .. nothing like the PalmPilot :) When I heard about Portico, I thought what a perfect use for GM's 'agent' technology, but the stock had already 'soared' into the teens (had been away too long)

Friday my 9 alert went off and I decided to get in .. (@ 8.5) ... today I extended @ 6.

This will recover. It will take an OEM deal, but everyone knows this (including GM management). I'm positive the discussions are going on (especially considering the make up of the GM board). The First OEM deal will be a win-win for GM and the telco.

So are you going to short @ 7 Tim? lol
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