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.

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

To: Austin S. who wrote (6816)	8/2/1999 3:56:00 PM
From: Austin S.	Read Replies (2) \| Respond to of 10081

Magic is now @ $2 13/16 - below $3. This means this stock will have no margin power - none - if it closes below $3 today. I know there are many, many investors who still own this stock on margin. If it closes below $3 today then there may well be further (forced) sell offs tomorrow. Also, there is no question in my mind but that GMGC will lose its NMS Nasdaq listing. When that happens, you can be certain that GMGC will trade, if only intra day, below the $2's. This stock is looking bleaker by the day. What can or will save this company? Is a buyout for about $3 1/4 per share inevitable?