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

To: Rick Rappaport who wrote (8894)8/10/2000 10:38:08 PM
From: Kurthend  Respond to of 10081
 
Rick,

I wasn't trying to suggest to anyone to buy, hold, or sell. I just no longer believe in SM and I don't trust his ability as a CEO or trust anything that comes out of his mouth. Usually that is a strong sell signal since management is one of the first things to look at when deciding to invest. I just happen to believe in the technology.

If you believe the company will survive despite SM then you may want to look for another buying opportunity if it starts going below $3. I base that on the $2 minimum price for the ELOC and GMGC's dire need again for cash due to the burn rate and no recurring revenues. Caveat is if there is an equity partner or some unknown customer that will pour cash GMGC's way.

Take care,
Kurt



To: Rick Rappaport who wrote (8894)8/15/2000 9:59:08 PM
From: Seconds Out  Read Replies (3) | Respond to of 10081
 
Rick, the Island has a bid of $6 and an ask of $6.25 at its 8:00 close. I am glad you checked out some of the facts for yourself and decided to hang in there last week. :-)

Looks like Kurt finally pushed Dr. Markman into action.

Seconds Out.


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