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Technology Stocks : General Magic
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To: Ray Rueb who wrote (3196)8/3/1998 12:35:00 PM
From: cool   of 10081
 
Sorry to hear of your position--you must have hedged
a little I hope.

There is a battle of market markers going on.

MASH has taken a huge short position & have sat as low ask for three days running now. They are probably making a bundle on options.

The MMs hire paid hands to post BS when they have a major play underway to disrupt threads and discourage investors.

I think GMGC will go up as fast as it is going down.

My position bought at 6, 5 ,4--sold at 13+ a few weeks
ago and am again 100% invested at 11, 8 ,6 --no margin
until I see a steady improvement.

Last I checked NASDAQ requires MMs to cover sometime, that is if Nasdaq enforces its rules against MMs.
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