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Technology Stocks : General Magic
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To: John Madarasz who wrote (9056)9/8/2000 7:00:53 AM
From: dgurgel   of 10081
 
John, I believe there will be too many opportunities for good stories on Onstar and IBM in Q4 to permit GMGC to do its normal swoon. They do have to finesse the Q3 CC which will have bad financials. Yesterday's bounce was the first in more than a year when I was not tempted to cash out and wait for a dip. In any case let's see what the next ten days brings since GMGC's June peak decayed quite quickly.

GMGC at $8 looks very nice if you plot the 200 day averages. A case could be made that GMGC is right where it should be, having progressed nicely since the $2-$3 of 1998. I would not argue with those who said $20 in 2003. I am still looking for the $10 year-end 2000.

Thanks to equity who posted the Dain info yesterday morning confirming the expectations occasioned by the nice rise in the PM on the prior day. I was surprised that the market paused at the open and permitted limit orders at 7 5/8 to be filled. It seemed that the SI and RB board readers were one step ahead.
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