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Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?

To: DOUG H who wrote (2639)	6/22/2000 1:36:00 PM
From: John Madarasz	Read Replies (1) \| Respond to of 13572

Got your message DH... had to run out this am though. This is big news for general magic...confirms their stature as an entrenched leader in the technology, (which I never doubted<ggg>) I'm a buyer on any weakness, Gap at 6 1/2 also, here's an old post from before the crash...it still might apply, kind of interesting. Do you feel lucky? If you analyze this run in gmgc(since Oct 15th) a rather apparent pattern develops. For 4 consecutive months we've enjoyed 4 rather significant bounces during the first 8 trading days at the start of the new month, as compared to the closing price on the last day of the prior month. The data: 1. Oct 29 close of $1.66, spikes to $3.06 Nov 10th, for an 84% gain. 2. Nov 30 close of $2.59, spikes to $4.50 Dec 10th, for a 73% gain. 3. Dec 31 close of $3.63, spikes to $8.16 Jan 10th, for a 125% gain. 4. Jan 31 close of $7.63, spikes to $11.69 Feb 9th, for a 53% gain. The percentages would have been even more astounding if I had compared the lows in the last 8 days to the highs of the following month's first 8 days. In every case, we gapped out of the chute on the 1st day of the month for a 10 day streak. Equally predictable, we were sequentially walked down off 25-30% off high to close out the month. The reason for the walk downs can be attributed to many thing, but perhaps none more important to MM's "closing" out their books. The opportunity for a retail investor "play" in the next 10 days is glaringly obvious. If the above trend holds true, we should expect to see $13-20 in the 1st 8 days of March. Now you Dirty Harry fans have to ask yourself, do I feel lucky? ragingbull.com All the best, jm