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Technology Stocks : General Magic

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To: John Madarasz who wrote (7021)	10/5/1999 3:55:00 PM
From: hcirteg	Read Replies (1) of 10081

John- IMHO... IWATCH again showing major buy intrests all day. At first I saw this as positive...now I am not so sure. Could it be that at $1.50...those buy interests are really the shorts covering? It sounds almost scary, but the shorts covering is holding the stock price up. If it weren't for them...we would be below $1. Before everyone starts screaming at me...go read up on how to interpret market action....all the big blocks are going through at the BID....not good folks...not good at all...it just confirms my theory that the shorts are actually covering (at a the bid) and holding us up at $1.50. Lord knows I am long...but a reality check may certainly be in order at this point. If the Fall Internet kicks off tomorrow and we don't have any good news...I'm afraid it will be time for me to move on. What a sad, sad state of affairs. Good luck to all and hopefully I have just jinxed the stock into performing better! HC

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