General Magic Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : General Magic

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James Strauss who wrote (9952)	4/20/2002 1:50:35 PM
From: lilbully	Read Replies (1) of 10081

I am not all that experienced with technical analysis. But I have been studying it for a little while. I wonder if it has any real relevance with a stock thats only trading at .20 cents. I believe 75% of the trading that is done in the markets is done by institutional investors who couldn't buy a .20 cent stock even if they thought it was a sure thing. There dealing in million dollar trades and accumulation and distribution over time. I can't buy more than 2500 shares per trade of any stock because commission costs get too high after 2500. Thats $500.00 worth of stock. I can't be bothered with a $500.00 trade and I'm a tiny fish! Maybe just a plankton!If an institution wanted to buy a million dollars worth of GMGC, I just don't know how they could do it... The indicators I look at don't seem accurate at all with gmgc... They often look very good as the stock is going from $4.00 to .20 cents. I think a real serious event is the only possibility for this stock to ever see the light of day again. There is short term money to be made trading pennies. I'm just not that interested. I'm playing value right now with SUNW@$8.75 and IBM@87.00 and a little technical play on one called ULAB. The chart is a little questionable but not bad. Accelerating earnings... Its basically an I.B.D. play. I'm still holding GMGC... Its a little late to worry about this thing now. I just don't know!

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next