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Technology Stocks : General Magic

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To: Ray Rueb who wrote (2474)	6/26/1998 1:37:00 AM
From: Sea Otter	Read Replies (1) of 10081

13 1/2 - excellent call, Ray. You haven't lost your touch. I didn't expect to see that. Frankly thought the stock would hold steady - surprised by the drop. Only consolation was that volume was relatively light. Hmmm, wish I could have made the shareholder meeting. The intangibles of being there would have helped in better gauging their true state. Anyway, I'm disappointed that they apparently didn't announce anything of substance. (To my mind the 35M is not substantive - I want to hear real news about deployment and partner progress, not the latest amendment to the capital structure). Tomorrow should be interesting. I'm very confident about the company itself, but am unclear how the market will value us shortterm until we get more concrete news. If we head south from here I'll probably take some profits off the table. Maybe even do the trading thing until hard facts surface. Hate to do that, but objectively it might be warranted at the moment. Sea Otter

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