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Technology Stocks : General Magic

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To: Kevin G. O'Neill who wrote (3280)	8/4/1998 1:32:00 PM
From: David	Read Replies (1) of 10081

Will this scare some investors. Although this burn rate increase is normal for the phase of business they are in, any pull back in stock price below 6 could cause a sell off. There are too many long positions out there using margin that will cover on the next pullback. I think we were able to hold on well with the bounce off 5 5/8, but that may not be case next time down. Now is the time for the larger investor to show some support for this company and not let the traders take this down. I am a daytrader who also holds a long term position in gmgc. I have not and will not sell short intraday so as to protect my investment. And there have been some great short selling opportunities lately for a daytrader. But I believe in this company and don't wish to kill my IRA. Good luck to all. Let's get this one back above 7

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