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Technology Stocks : General Magic

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To: equityanalyst who wrote (9526)5/4/2001 1:37:43 PM
From: James Strauss   of 10081
 
Thanks EA...

This is how it looks today...

A look at the 3 month chart shows a definite change in the price trend...
finance.yahoo.com

Note that the price is above the 10 day moving average and is sitting on the 50 day moving average... Williams %R is no longer in the overbought area and the MoneyFlow Index has been rising... This means that the stock is being accumulated... Also, the drop off in volume from the buying to the selling period still leaves the stock price much higher than it was prior to the earnings report and conference call... This means that, on balance, there is a more positive view of GMGC this week than last week... As we look forward to the steps the new mgmt team will take to build visibility and revenues we should see the stock continue to be accumulated...

Jim
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