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

To: dgurgel who wrote (7652)	1/10/2000 6:07:00 PM
From: John Madarasz	Respond to of 10081

Dave... This website thing continues to be a curious point of interest. FWIW I called Investor Relations and left a message this afternoon, I'll be very interested to hear what is going on. BTW, nice flip on those shares lately... just think though if you were still holding from the mid two's <g> ahh, the trials and tribulations... Price action today was really quite predictable although I was a little surprised to see $8.25... The gaps will almost ALWAYS get filled at one point or another, and we still have some downside left here before any uptrend can continue. Speaking of the current uptrend, it still seems to be very strong, the most recent leg still only climbing at a 33 degree angle and supported with excellent volume, which is still very bullish. The moving average envelope puts the price back in the mid $4 range and the price channel high is at $5 7/8, right at the gap that needs to be filled. Of course anything is possible here, but for the time being today was just another example of a healthy movement of a stock in a strong uptrend. I think any similarities to the run this time last year ends with price. Fundamentally this is a much different company, with a solid revenue generating deal in place and an excellent product in Mytalk. The marketplace for product is ready for what General Magic has to offer here as well... Last year it was not. The hype is on in the investment community at large. I imagine that price movements like today's close will become more common as market professionals begin to manipulate the masses. Oh well... I'll look for much lower prices and volumes to add to my holdings, if I'm fortunate the market will afford me some opportunities. I'll let you know when I hear from IR concerning the web site. This is all to intriguing, and I can't help but think that "something" is up. What it is is anyones guess. Best Regards and good trading, John