General Magic Message Board

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Technology Stocks : General Magic

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To: Rick Rappaport who wrote (6521)	6/23/1999 12:18:00 AM
From: Anthony Marks	Read Replies (3) of 10081

Rick, I feel your pain. Logic might dictate that the stock would warrant a slightly higher price after the mytalk and Excite announcements. I'm starting think the only way this stock will get noticed and really start moving upward is if I short it. At this point I can't really afford any more good news. I've been trading for about 4 years now and I can honestly say the field has changed drastically in that time. Things you used count on moving stock and increasing value now often have the opposite effect. I have nearly had to cover margin when my company announced 150% growth, and I wasn't short. I think the proliferation of online traders has had a huge effect on what moves stock prices. I sometimes wonder if there's a guy with level II sitting in his Merrill Lynch office scratching his head, feeling dazed and confused, just like me. Good luck Tony

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