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Technology Stocks : General Magic

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To: Mark Oliver who wrote (4563)12/29/1998 8:03:00 AM
From: Straight Up  Read Replies (1) of 10081
 
Hi Mark,

Thanks. I didn't see the second press release. Hmmmmm. Makes you wonder - although we have all been wondering for a long time.

I think what happened was people read the first release and thought "Take Over Target" or some type of other company consolidation or partnership. The stock price instantly went up and the volume was incredible. The MM's kept the price down, and as one astute member put it "would eat you alive if you tried to day trade this".

So I believe all the activity prompted a second press release. I'm sticking with the contents of the first release and the direct quote from Mr. Markman "It also prepares us to serve the millions of users we anticipate from our Internet partners." This is a very bold statement and I am sure that it was NOT an oversite. Markman is very careful about what he says OR more fitting what he DOESN'T say.

Maybe he was trying to communicate something to the shareholders the only way he could OR maybe I just have too much free time and am over-analyzing the situation.

Still holding onto the Magic in 1999

Straight Up
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