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Technology Stocks : General Magic

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To: James Strauss who wrote (9639)	6/26/2001 1:20:45 PM
From: John Madarasz	of 10081

I wouldn't discount the possibilty of a relaxed pace of short covering at the technical double bottom either. Current fundamentals would certainly lend creedence to this. I like the fact that all this hands free exposure might be generating interest, but.... the reality is that the nasdaq and all the other major indices are in confirmed down trends, non-tech is looking toppy, the next 4 months begin the historical worst 4 months for the nasdaq since 1971, and the economy is on the edge of almost certain recesssion. We are about due for a counter trend rally though, this churn might be just that... My guess is that if this company survives, there should be plenty of opportunity to continue to accumulate shares below 1 dollar for those so inclined. It's soooo speculative, and I can't believe I'm actually still interested<g> Thank heavens for self-control<gg> Best, John M

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