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Technology Stocks : General Magic
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To: Sea Otter who wrote (5231)2/19/1999 6:33:00 AM
From: Bob Campbell  Read Replies (1) of 10081
 
To all: Possible explanation for quick drop below 5

One possibility is that people carrying margin can no longer use
gmgc as collateral for the loan since it is below 5. Marginal
players had to liquidate to satisfy margin requirements. Selling
should not last too much longer, if everything else is OK.

Regards,

Bob Campbell
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