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Technology Stocks : General Magic

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To: dgurgel who wrote (7453)	12/10/1999 9:50:00 PM
From: Seconds Out	Read Replies (1) of 10081

I must say, it has been a long time since I can remember enjoying a two week period with GMGC as much as the last two weeks. Certainly, we will need to see something positive from the company in the near future to maintain the trend, but is a good feeling nonetheless. Also, does anyone know the significance of June 23,1999? Go look at the chart for GMGC. Btw, I would attach some credit for the recent move upward to GMGC exercising their put option against the Line of Credit draw they took back in the late summer. Even though I believe it cost them an extra 125,000 shares gifted to Cripple Creek, by paying that off it sent a clear signal as to the company's resolve in ridding itself of the sharks and avoiding them in the future. Many a professional short follows the sharks into these deals, so it would make sense that many would start moving on to weaker fish at this point. I think it was a brilliant move by GMGC. Hopefully, we will see some more positive news in the near future. Best wishes to all believers in the magic. Seconds Out.

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