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

To: Papillon who wrote (8081)	2/19/2000 6:14:00 PM
From: hcirteg	Read Replies (1) \| Respond to of 10081

GMGC Options will play a major role in the price action for the next few weeks... I think we go higher for these reasons: 1. There were over 5000 Feb 10 calls that expired worthless...that's 1/2 million shares that were NOT called away from their owners who got to keep the premium paid to them for selling the options in the first place. Pure coincidence that we were locked at 9 7/8- 10 3/8 the last two days? I think not...just a freindly "help-out" between market makers so they didn't lose their shares. Now here's the REAL kicker... 2. Their are curently no more options available for GMGC. When we fell below the $5 level and squandered there for some time...we got delisted as an optionable stock and while there may be some market makers who have since re-registered to market the options, they don't have the approval yet. So, if you want to get a piece of GMGC now, you have to buy the stock...no "leverage" play is available. Those that would have purchased calls will simply have to buy the stock to get in. BUYING PORESSURE WILL INCREASE DRAMATICALLY NEXT WEEK...IMO. I continue to believe we are on the doorstep of significant news and yes, a positive earnings report. If MYTALK is a top 250 web site in the world and they saw over a 1/2 million unique web hits in December alone, then I think we may have generated some attractive click through revenue. Thinking back what I had when the stock was at $10 in 1998 versus right now and what the company has....wow! Truly an exciting time for all us longs and the best part about it is the show really hasn't even begun yet. Some warm thoughts on a long weekend... HC