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Technology Stocks : General Magic
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To: John Madarasz who wrote (9409)3/18/2001 11:02:56 PM
From: Fred Gohlke   of 10081
 
John, I can't say it any better ("I'm sincerely disheartened by the loss of Dr.Danny Lange."). Here's the best summary I can give you about how I feel about GMGC:

1. I don't like penny stocks, but I'm in this one.
2. I'm not convinced that "voice" is going to revolutionize the world (personally, I don't even like it.)
3. General Motors is not noted for its magnanimity with its vendors.
3. I was surprised that the loss of Dr. Lange wasn't followed by a wash-out.
4. I made a bit on GMGC last year, bought back in at $5.00 and added more at $1.50.
5. GMGC seems to have little going for it, yet the stock price is not doing badly (in this market).
6. Given my current cost basis, it's better than Atlantic City.
7. Since our new CEO chose to offer some hope (in the near future), it seems worth waiting a while.

Fred
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