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Technology Stocks : General Magic

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To: RidgeRunner who wrote (6177)5/14/1999 1:27:00 PM
From: Seconds Out  Read Replies (1) of 10081
 
RR, I was just about to tap your knowledge about why you though GMGC was trading in such an unbelievably tight range since yesterday at about 11:00 AM, when I saw two trades go by at the bid of $4 each for $391,400. They occurred at 12:54 and 1:01.

Just MM's swapping shares to clean up their position? To trade for so long in such a tight spread is out of character for this stock, based on my experience. Now that the trades have cleared it will be interesting to see what happens next, I guess.

As those on this thread know, I am not a day trader, and am really just interested in some theory if you are so inclined to take the time.

Thanks in advance...I won't make this an ongoing exercise.

Seconds Out.
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