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Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?

To: Mitch Aunger who wrote (6597)6/29/1999 3:29:00 PM
From: hcirteg  Respond to of 10081
 
Hey all-

Long time no speak...still here though!

After watching the trading activity over the last few days I am VERY encouraged by the strength in volume. Typically we peter out after a day of very high volume, but we are easily averaging over a 1/2 million shares/day.

With that in mind, IMO, the conversions are occuring at a fast rate now as we approach the conversion deadline. The high volume and tight price range indicate that these guys are trying real hard to keep the price down against SIGNIFICANT buying pressure...thus, the high volume.

When we see 2-3 days up a 1/4 point or so, I think we will return to $5-$6 and base there until the revenues show up on the balance sheet.

For those of you who think we will be at $4 at XMAS...I say $12-$15. This company is just too poised to succeed and I continue to be impressed with the management and their ability to carry out their biz plan.

LOL-

HC



To: Mitch Aunger who wrote (6597)6/29/1999 5:29:00 PM
From: Andre Daedone  Read Replies (3) | Respond to of 10081
 
Thanks Mitch:

I really don't have any use for Portico; however, I do have the voice mail through Excite and it works good. I really would like a business persons point of view (sales or marketing guy or gal) that uses it in the real world. I have been thinking about buying some stock but I have the purchase on hold until I do more DD.

André


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