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Technology Stocks : General Magic
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To: Ray Rueb who wrote (3074)7/31/1998 1:53:00 PM
From: David  Read Replies (2) of 10081
 
Ray--I must say that this is an over zealeous "sell on news" reaction. I traded COPY for years based on buy on rumors sell on news. But never really saw this type of breakdown so fast. I think traders were waiting on some better re-sellers to jump into PR picture or for Microsoft to pipe in. Without that they jumped ship. It may take a good PR release to shore up short term support. I'm long and will hold for as long as I can.
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