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Technology Stocks : General Magic

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To: Straight Up who wrote (5229)	2/18/1999 4:44:00 PM
From: Sea Otter	Read Replies (3) of 10081

I called friends who should know, asked about for rumors, and scanned the web. Nada. Nothing to explain this volume at this price. Anyone have better luck? If this were driven by retail I would expect someone to be able to tell me a credible negative rumor. But I haven't heard anything. As far as I can tell, GMGC proceeds ahead as planned with all being well. Institutions? Maybe, but seems unlikely. If there were news bad enough to cause this volume and dip over several days, we should have heard about it my now. Evil converts? If this theory is true I would think we'd rebound shortly as their positions change. Certainly no sign of that yet. My breakeven is @5 3/8. I have this thing about selling at a loss when there isn't any known substantive reason to do so. So I'm holding and watching. (And doing some limited extreme bottom fishing). Sea Otter

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