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Technology Stocks : General Magic

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To: dgurgel who wrote (7964)2/9/2000 9:49:00 PM
From: Seconds Out   of 10081
 
Dave, it really has been an enjoyable start to the week. Looks like we will probably consolidate a bit at this point, based on recent past history. I am not a chart guy, though, so who knows.

I am surprised that GMGC is now responding to the tender offer. I cannot imagine that they hadn't gotten calls about it prior to this week. I wonder if the company didn't want it to seem like hype by making an announcement about it when the stock price was below the tender offer price.

It will be interesting to see the reaction tomorrow from a public that is hearing about a $9 offer on a $10.50 stock, whereas the reality is it was offered when the stock was $7.

Seconds Out.
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