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Technology Stocks : General Magic
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To: Fredman who wrote (5148)2/13/1999 3:23:00 PM
From: Seconds Out  Read Replies (1) of 10081
 
Fred, safe about the Wuffet grandkids comment, yes. About the other, not even close. Forget about the long term prognosis, which is extremely bright, imho. Since the price corrected, over the last six months each time you would have bought in at this level you could have sold off the same shares at a 30% plus profit within two months, unless you let a few shorts scare you off. Check the charts for yourself.

Sure it got ahead of itself late last spring, but that isn't where it is now. It isn't something to risk your life savings in. But its potential upside dwarfs the downside risk at this price, imho.

As for the long term, we will see what happens once GMGC gets the Carrier channel rolling and further solidifies one of its strategic relationships into one which will improve its balance sheet.

Seconds Out.
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