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Technology Stocks : General Magic
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To: DGG who wrote (7641)1/10/2000 10:26:00 AM
From: equityanalyst  Read Replies (1) of 10081
 
I'm showing 9,162,329 shares sold short as of the latest tally. And the volume has increased sharply, averaging nearly 5 million per day over the past ten days. . . today should be another big volume day. The shorts are already running scared. Stock now trading off a bit from its high this morning of $8 5/32, but that's healthy. The main problem with "selling high and buying in again" is that it's obviously tough guessing the "high," and of course you risk losing your position in a stock that keeps moving. Too many exciting things going on at GMGC. I, too, am holding for the long haul.

equityanalyst
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