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Technology Stocks : General Magic
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To: Tom who wrote (5546)3/11/1999 10:13:00 AM
From: Papillon  Read Replies (1) of 10081
 
Panic selling was overdone. I'm holding on to long term shares, but have bought and sold twice so far this morning: in at 2.9375 and out at 3.3125, in at 3.1875 and out at 3.4375. I'll keep walking it up, as fast or as slow as it wants to go. A lot of shorts were hoping to cover in the low 2s. That's not going to happen. Many will go ahead and cover in the threes now that the worst of it is over.

Remember those Aug 5 calls from yesterday. That was someone who knows that this stock is going up later this year.

Best,
Papillon
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