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Technology Stocks : General Magic

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To: Scrapps who wrote (2723)	7/9/1998 6:15:00 AM
From: Iraklis	Read Replies (1) of 10081

The new NOC I thought was old news. At least two people who attended the share holders meetings and posted their notes on SI and yahoo mentioned that SM had mentioned that part of the additonal 35M would allow GMGC to build another NOC. Anybody else remember this being reported. I believe the "new" aspect of the NOC might be that the NOC will be co-located with a Telco. If true, that shows a strong interest from whichever Telco is involved. I'm hoping to see a nice rise today. Last Thursday, after I saw the gap opening, the price rise about a dollar and then retract, I shorted all my GMGC shares at 10 15/16. Monday, I bought back %80 of the shares at 11 9/16. Today, I'm hoping to cover the other shorts at or near the open to become %100 long again. I've come up with the conclusion that I can't afford NOT to own GMGC. Iraklis

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