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Technology Stocks : General Magic

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To: Rob Anderson who wrote (2992)	7/31/1998 4:53:00 PM
From: hoffy	Read Replies (3) of 10081

>>>>Im not concerned at all about the earnings I expected this report. GMGC has spent money to ramp up for Portico roll out and I expect a positive return on my investment over the next few months! If you would have done your D & D you would expect these numbers also. <<<<<<< I obviously did my DD very well and stayed away while it was sinking faster than the titanic. Bad earnings reports are ok if a company shows soaring revenues and are just spending money to get their product accepted by the public, Like an AMZN or YHOO. But GMGC showed no revenues to speak of. And even though Portico is released on time they said the revenues and earnings won't be seen for a few quarters. SO I guess that means the next few reports will look bad too. And what if Portico isn't the hit they think it will be. Well then GMGC is a dollar stock again looking for another product to hype and try to sell. This company is a perfect lesson on getting out while you can. When the report looks bad it is best to just take your losses and maybe get back in when things look better. Because you can certainly buy it back at a cheaper price.

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