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

To: Joseph H. Leiti who wrote (7482)	12/20/1999 10:31:00 PM
From: Joseph H. Leiti	Respond to of 10081

Just a recap of my last note. I don't like the looks of the daily today (or for that matter the 5 min or hourly charts). I think tomorrow is critical. IMO, Without a bounce, the right shoulder is formed, and a retest of even 2 - 2.5 is now possible. I know we're only talking in 1/4s and 1/2s here, but we're are talking pretty large percentages to the price of the stock. I think a great re-buy at this point would be about 2 1/4 maybe 1/2, but if we're talking no good news or further dilution I choose to step back and see a new base formed (most likely at the 2+ level)and catch a piece of the next run "when it happens". We all know we had our money tied up for 3-4 months between 1.5 to 2.5. Keep in mind , my perspective is one from a position trader and limited investor. Good luck all.