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Technology Stocks : General Magic

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To: Martin Z.K. who wrote (42)	6/30/1996 8:39:00 PM
From: The Irish Hug	of 69

Good to hear from you. I plan on keeping a majority of my investment for the long-term as I agree that this could rise multiple-fold. However, what do you think about the technicals over the short-term. The chart looks very good. From a low of about $4, it has steadily been making higher lows and higher highs. I think there is support around 5.5-6 (I am viewing a chart which doesn't take a time element into account, just price movements). I also see no real resistence until over $10. At that point, there seems to be resistence mostly at $11+. What are your thoughts. What are your reasons for $13/share? Is this based on fundamentals/technicals and short/long-term? Regards, Steven

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