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

To: Mark Oliver who wrote (6849)	8/7/1999 4:18:00 PM
From: cdtejuan	Read Replies (1) \| Respond to of 10081

Mark, I believe next week will show if we just have seen a technical reaction after days of panic selling/shorting or more. IMO this can be seen as a spike low. The closing price after sinking to 1.45 was at the upper end of the days trading range. And on Friday the stock closed again near the upper days trading range. Both days were wide ranging days. So far it seems as if a "V" bottom has just been formed. As the "V" bottom contains both wide ranging days, plus the spike low on Thursday, this could be evidence that the "V" bottom is a (weak?) sign of a trend reversal. I believe that the downtrend is stopped and that we will see at least a sideway trend. As the mood on all GMGC discussion forums seems pretty down, not to say panic or comletely disillusioned, I believe we have seen the bottom. When even most bulls have turned into cows, (as one shorty teased me once), it may be time to buy. Congrats for your courage to add the last days. Good luck, Juan