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

To: despy who wrote (8202)	3/7/2000 8:43:00 PM
From: hcirteg	Read Replies (1) \| Respond to of 10081

Some pre-CC thoughts.... My friends and I have been argiuing over the last few weeks about whether or not a PR would come our b4 the Conference call tomorrow. Then when the stock started running last week and a report quoted a compnay source as saying, "they attribute it to the upcoming quarterly earnings,"...well... that changed everything. We all instantly responded the same way to each other...there would be no PR's before the CC, because the company just alluded to the fact that they will probably have good earnings...for the life of me...why else say that...why not, "we don't comment on the movement of our stock price.." And...there were no PR's b4 the call! Is Laura C. that dumb to make a statement like that? My peers and I do not think so. We think they will have a pleasant surprise for us tomorrow. With that "theory" there would be no reason to release any PR's as they would take away from the lustre of a positive earnings report...one that they followed up with in the CCall saying the trend has just begun. I expect lower volume tomorrow with a quite tight trading range. After the CCall...I bet it's a big move...up (or down)...depending on what comes out tomorrow at 5 pm. Hopefully tomorrow night I can post that I am, again, a happy dude. Good luck to all longs...all appendiges crossed! HC

To: despy who wrote (8202)	3/8/2000 8:49:00 AM
From: equityanalyst	Read Replies (1) \| Respond to of 10081

despy -- If you'll allow me to add my two cents worth, I'd like to balance off Dave's (dgurgel's) lack of bullishness at this time with my own much more positive stance on GMGC. Dave has done a great job short-term trading, so I would pay attention to his thoughts on GMGC's potential day-to-day and intra-day trading activity. But Dave is currently looking at GMGC's trees and sees them as rather barren right now, whereas I am looking at their forest and see it as ready to blossom as Spring approaches. Sorry -- I'll cut to the chase. I tend to take a much longer term view of investing, and try to capture the full potential of a stock over a multi-year holding period. IMO, and despite GMGC's recently strong stock performance, the future prospects for General Magic and its shares at their current level remain as good as just about any other stock I've come across. Otherwise, I'd obviously be invested elsewhere. I won't belabor or reiterate the many potential near term and longer term catalysts/positives to this story at this time, but feel free to access my prior posts for an update. Suffice it to say that based on the preliminary forecasts I have heard regarding OnStar's recurring revenue potential for GMGC, I would be a long-term buyer of the stock today (using about a three-year-out investment time horizon), even if was currently trading at five times its current level. But then, I'm an eternal optimist. Anyway, your original question was what to do with $50k. I'll take a stab at it. With the stock off nearly $4 in the past two days, this morning would be a great time to invest about half of your money, then wait for the conference call. If we get some really good news, fill out the rest of your position early Thursday morning, even if the stock gaps up (you may not get a chance to buy it much cheaper). If nothing of substance comes from the call, some downside could be expected and you could buy into the weakness (probably wouldn't be more than a point to two) over the next couple days. Either way, I think you want to have a full position going into the company's road shows next week, and prior to next month's IPO of NUAN. All of this, of course, is IMHO and assuming that the Nasdaq doesn't totally melt down. As always, time will tell. Good luck !! ea