SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : General Magic
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: geo who wrote (3104)8/1/1998 12:59:00 AM
From: Kurt Goebel  Read Replies (1) of 10081
 


Geo, well let's see you believed at 15
and now you don't at 8. Anyway you
slice it 8 is a better buy then 15.
Downside less, upside more.

Stock was just at 12 and had two bad
days. 5.4 million shares were bought
today. Lots of people getting in and
cost averaging. They wanted to buy
some when it was higher.

Today seemed pretty much like a panic
sell off. Revenues will start this
quarter. Portico launched and is receiving
good reviews and positive reseller reports.
I expect the press will start picking it up.
Every quarter from here will have increasing
revenues.

I called General Magic IR today and
confirmed there was absolutely nothing
wrong and they were pleased with the
execution of their plan. The person
I talked with agreed that the news coverage
of their loss was misleading and he thought
any informed person would understand they
had been preparing the service and would
have little revenue. They are focused
on executing their plans and generating
increasing revenues.

All in all, I see a good opportunity to
get 25-50% on an investment (buy at around
8 or lower if you get the chance and ride
it to 10 or 12, maybe higher if you are
happy with that call when it hits 12).
Monday may see some margin call action,
some latent panic, but it may also
be a good day to pick up some GMGC at a
low price. Have to do what your research
tells you is right. It is a speculative
stock, as we have seen it can swing wildly
up or down. News coverage, real revenues
and carrier announcements will move up
the base over time.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News