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Technology Stocks : General Magic

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To: Ray Rueb who wrote (2484)	6/29/1998 10:34:00 PM
From: Rubber Man	Read Replies (2) of 10081

Sir, 8-K just filed with GMGC. (http://www.freeedgar.com/search/ViewFilingsData.asp?CIK=933524&Directory=891618&Year=98&SECIndex=3109&Extension=.tst&PathFlag=0&nStartLoc=695&nEndLoc=360203&DateFiled=6/29/98&FormType=8-K&tabletype=1&tablename=Body&CompanyName=GENERAL_MAGIC_INC&SourcePage=FilingsResults&OEMSource=) I've been lurking on this thread since GMGC was in the low single digits, and you have been consistent in your enthusiasm towards GMGC, so I thought I'll come out of hiding and throw a concern of mine by you. Any comments are welcome, as I'm looking for some assurances that shorting won't be more profitable in the future. TIA ;) My problem with the financing is that the companies involved (especially RGC Int. Investors) is questionable in their past dealings. GMGC shareholders stands to lose in the volatility until the convertible shareholders convert. I already reduced my holdings in GMGC after the announcement, and would rather miss some profit than to be hit with a loss if it dips into the dreadful single digits(unlike most my position wasn't established under 10). :( Should I wait until revenues shows up and an guesstimate can be made of the market? Would it be too late? Cheers.

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