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Technology Stocks : General Magic

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To: dgurgel who wrote (7611)1/7/2000 7:21:00 PM
From: John Madarasz  Read Replies (1) of 10081
 
Hi Dave...

Just watching and enjoying, I've been real busy with a couple of exciting commissions here so the market has been on a back burner.

I've posted a few times on the RB board but it really is too much over there at this point. I do appreciate the sobering and thought provoking posts that you've offered there though, along with a few others.;

Things seem to be a bit overbought here, and now there is a gap between $5 7/8 and $6 1/8 that will need to be filled... been travelling outside the top 20 period bollinger band for 4 days now, I'll be very surprised if we don't see at least a little retrace. Prices rarely stay outside those bands for more than 5 days max...

I will say one thing however, technically and fundamentally things have never looked better to me for the short, medium, and long term scenario. It's nice to be validated in your beliefs now and again<g>..

All in all though I think that we are getting some well deserved price appreciation. I'd like to see some more news from the company and their new PR firm as well, but, as I'm here for the duration I'll take it all in stride.

Best wishes for a nice weekend,

John
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