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Technology Stocks : General Magic

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To: Rangle who wrote (9960)	4/27/2002 6:13:09 PM
From: James Strauss	Read Replies (1) of 10081

Just stopped by to add my 2 cents, (it's good to see the oldtimers still around)..lol. As a long term holder of the stock, this management team is doing a lot better then anyone has in the past. They inherited a company in dire straights, they have stopped the bleeding in a lot of areas & have started the process of revenue growth. I still feel they have a way to go but I agree with you Jim, the story has yet to be played out. IMHO,technically to me it looks like it is under accumulation. Also, it is a good sign that the insiders are starting to buy the stock. Even though it is small amounts, they are not making open MKY buys because they think the Company is going away. Rangle: That .20 area seems to be solid support on a closing basis... bigcharts.marketwatch.com Note the tightening of the Bollinger Bands... This could be signaling a breakout from the current trading channel... Jim

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