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: Seconds Out who wrote (7365)	11/30/1999 7:13:00 PM
From: dgurgel	Read Replies (1) \| Respond to of 10081

The morning spike was in response to good volume, and then the price was off its lows at the end of the day on more modest volume. All of this is as you noted. There certainly are a lot of traders out there looking for the next big thing; and with other technology stocks having a couple of rough days, I suspect this may be a trading stock again. I doubt that anyone knows anything today that was not known yesterday. I went fishing for the first time in the after-hours market. 800 of 2000 offered at 2 3/4 (5/32 above the 4 PM close) sold before I cancelled. This is a small part of my position and my first sale this year after accumulating over the past two months. I will put in an offer in the morning to recover those shares I lost and then quit playing this game. It is not my style, and I do not know how to do it. My guess is that we will see another day or two of good volume with volatility and that we will end the week around 2 3/4 - 3 if there is no news. If the NASDAQ behaves badly again later this week, then we may have to settle for 2 1/2 at the end of the week. That would be fine, because I am waiting for news, not trading, to boost this one out of intensive care. If you like companies that are muscle-bound (too many engineers) like GMGC, look at Spyglass, SPYG. They have a somewhat shorter, but no less interesting history. In brief, Spyglass, in Illinois, got the commercial rights to Mosaic (first widely accepted graphical browser) from the Univ. of Illinois' National Center for Supercomputing Applications (NCSA). Unfortunately, Jim Clark, (a pirate and founder of Silicon Graphics and lately Healtheon) got there first and took Marc Andreessen and other top talent from NCSA and started Netscape. After being near death, SPYG has recovered nicely. Good luck!