Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Z Best Place to Talk Stocks -- Ignore unavailable to you. Want to Upgrade?

To: Susan Saline who wrote (20178)	7/1/1999 1:20:00 PM
From: DanZ	Read Replies (2) \| Respond to of 53068

GMGC. If General Magic doesn't hold 3 1/2, I think it has risk to 2 3/4 to 3. So far so good. A flurry of sellers just pounded the bid at 3 1/2 but it held. The bid is firm on Level II, with a bunch of market makers trying to buy stock at 3 1/2. Several are showing bid sizes of more than 10,000 shares with the largest one trying to buy 29,600 shares. The risk to reward is excellent here. One can buy it and risk 1/8 to 3/16 with the chance of making 1/2 to 3/4. If it holds here and tests the resistance at 5 again, you're looking at 1 1/2 points of profit. Can't beat the odds although there's no guarantee that it will hold. Their portico service is pretty interesting. Has anybody used it? Dan