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Technology Stocks : General Magic

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To: Kurt Goebel who wrote (2314)	6/17/1998 12:28:00 PM
From: Mark Oliver	Read Replies (1) of 10081

It's always fascinating to watch the bid ask and volumes. We are seeing serious volume, over 2 million shares traded in the first 2 hours. Looked like a lot of selling at the open took the initial price trend down. Lots of selling at 13 3/4 seemed to be filled from somewhere as the prices was really steady. Then, a short move up followed by a decline to the days lows. So, it would seem like there is a lot of selling going on, but the stock is really holding up pretty well. I'm not really seeing any big blocks, but maybe I missed it as I'm not using level 2. Seems like it should be hard for traders to watch a small stock like GMGC when big companies like Ford offered such good opportunities this morning. Fascinating. Don't know what it means, except that maybe when the short term profit taking drys up, we might end the day on the upside. It is really exciting going into the annual meeting on Monday. Ihope they give us something to come home with. Anyway, I bought some more shares this morning. Hope that's not a contrary indicator. Regards, Mark

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