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

To: Seconds Out who wrote (8926)	8/14/2000 5:41:55 PM
From: hcirteg	Respond to of 10081

Batman- Quite frankly I am surprised (shocked really)that we rose the way we did today. The volume surged at the same time the price broke through the supply at 4 3/4...an EXCELLENT indicator of big buying. Tomorrow, IMO, is the real test...if we move solidly higher, then the AUG 5 calls do not become the mitigating factor...the 7.5's come into play. Again, it's way premature to think we have 5 behind us..especially with the 2900+ (equal to 290,000 shares) open call contract interest. If a majority of those calls are short hedges...the next couple of days should provide some interesting tape action. On another note, there was a post on another thread over the weekend that GMGC gave a technical turn around signal late Friday in that a "classic T" pattern had set up. Don't know what the heck that is, but it was a hell of a call! Not aware of ANY GMGC longs that thought we would see action like today. Here's hoping for a follow through tomorrow. Take care. HC