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Technology Stocks : General Magic

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To: billy andreozzi who wrote (30)6/25/1996 9:23:00 PM
From: The Irish Hug   of 69
 
I bought this thing today. I have been watching this stock for a few months and waiting for a technical breakout. Well, here it is. Paid a bit more than otherwise, but didn't want to sit with this thing just doddling around. Fundamentally, the company was recommended to me by a friend who has been involved w/ the internet (it's his job) for years. He has made some pretty astute calls & he told me that the future was the GMGC agents (he told me to definitely buy this thing when it was BELOW 5!). Technically, which is more important right now, this thing looks UNBELIEVABLE! It tried THREE TIMES to get above 7-7.5, but failed all three times (once at 5.5). But, now it has broken out. The next real resistance is not until, get this, the mid-teens (14 or so), if it can break that, then I think we're headed into the twenties short-term. Well, good luck to all.
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