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Technology Stocks : General Magic

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To: SkyDart who wrote (7305)	11/15/1999 11:17:00 PM
From: Jack Hartmann	Read Replies (1) of 10081

Skydart, All charts are screaming buy, but the history has been one of short term blips on the upside. Kind of like throwing a rock in the air. Three day wonders in my book. Alot of positives, but Ford Investor Services is predicting a 25% growth rate. I'm looking for something to show they have underestimated GMGC. Down ~60% for the year. Negative earnings are a cancer on this company. Almost needs to be reborn. Mktcap of ~80M with 5M in sales. Not a good ratio so here it sits at $2-3. I need to find why the Jan99, May99, and Jul99 collapses occurred. Every run of three days is met with a huge sellingoff smashing this company down further. An endless cycle? Maybe not. Just need some more time to DD this one (and 30 others). Jack

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