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Technology Stocks : General Magic

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To: Ray Rueb who wrote (3530)	8/23/1998 5:47:00 PM
From: cdtejuan	of 10081

>>So, an investor would be buying on this dip and a speculator, like myself, will remain on the sidelines for now.<< Depends on your guesstimate about what will be the lowest possible price in the next three months. I do agree that the next three months are times of uncertainty (not only) for the GMGC price. When you have decided to stay on the sidelines for now, does this mean that you wait for a price of under $4 ??? (you wrote in post #3375: >>5) Those damned convertible preferred shares. There is huge incentive for the stock price to be under $4 or over $18.<<) While trying to evaluate the best buying price I decided for myself to place a buy order at $6. Though I do believe that we might see $ 5 as a intra-day low in the next 30 days, the investor side in me tells me that I can't go wrong at these levels. And as a little speculator I believe there is a substantial possibility that GMGC might reach $8 plus, what would be a nice little gain with a good chance to re-buy at $7 or less. IMO the dip from $13 to $6,5 again added some short term speculator money into this stock. And that means huge volatility for GMGC. Regards, Juan

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