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Technology Stocks : General Magic

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To: TechTrader42 who wrote (2692)	7/8/1998 5:34:00 AM
From: Iraklis	Read Replies (2) of 10081

Bookelise: <<I suppose I feel that it still looks a bit iffy>> Got any hot picks that aint a bit iffy? I'm not too knowledgeable about TA, but would it be accurate to say that if GMGC broke the resistance at 15 3/8 and then moved higher,say to the 18 - 20 range, that there's good chance that new support levels would be created at the old resistance levels of 15 3/8? In other words, if we (significantly) break 15 3/8, then 15 3/8 becomes our new support level? I guess that I'm a little concerned about the stock price after the realease of Portico on July 30. I've seen stock prices rise until the "big event" and then relax after the event is over. I hoping that GMGC breaks 15 3/8 before july 30 - so that if there is a pull back (and the above theory holds water), then 15 3/8 defines the new support line. Any thoughts on this guess work? Iraklis

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