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Technology Stocks : General Magic
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To: Rick Rappaport who wrote (2766)7/13/1998 10:07:00 PM
From: Seconds Out  Read Replies (1) of 10081
 
Rick, I agree that it is one of those gut check times. However, a number of items should be announced in the next two weeks. I hope we will get some beefier news even this week. Certainly resellers must be announced, and the sooner the better. Specifics as to who are the additional Carriers which are testing the service would be nice. Additionally, they probably have a trick or two up their sleeve.

I think GMGC has great long term potential. I hope they don't let any more momentum go away in the short term. A situation has been created that will make it more difficult to push past the 15 3/8 resistance level due to the speculators that inflated the stock price prior to the shareholders meetings, and the subsequent let down. While the short term pricing can get manipulated somewhat, the long term pricing will be controlled by how well GMGC products perform. That is what I am counting on.

Best wishes. Get some sleep.
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