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


To: DGG who wrote (8652)6/21/2000 6:57:00 PM
From: John Madarasz  Read Replies (1) | Respond to of 10081
 
People looking for good news or nothing at all it seems.

Could those calls be hedges against short positions, or preferred shareholders positions?

Just thinking outloud... I've seen this type of action other times and places, and it was not as it appeared.

GMGC has been ramped pretty hard in the last 21 days...over 100% as opposed to:

LHSP %15.5
COMPX %18.3
VOXW %37.5
NUAN %87.17

and it seems to be under distribution on those high volume and price days. I'm hopeful but cautious here, and will not chase. Just holding long what I have... Seems like a trap, but if the Naz is going to go higher here into the end of the month, which I now think it will, maybe we'll get carried along for the ride<ggg>

At least GMGC is participating in the general market recovery...I think this shows strength too. We shall see.

FOMC on the 27th, 8:30 am.

biz.yahoo.com

Luck to longs, and good trading.

jm