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To: John Madarasz who wrote (9056)9/8/2000 7:00:53 AM
From: dgurgel  Respond to of 10081
 
John, I believe there will be too many opportunities for good stories on Onstar and IBM in Q4 to permit GMGC to do its normal swoon. They do have to finesse the Q3 CC which will have bad financials. Yesterday's bounce was the first in more than a year when I was not tempted to cash out and wait for a dip. In any case let's see what the next ten days brings since GMGC's June peak decayed quite quickly.

GMGC at $8 looks very nice if you plot the 200 day averages. A case could be made that GMGC is right where it should be, having progressed nicely since the $2-$3 of 1998. I would not argue with those who said $20 in 2003. I am still looking for the $10 year-end 2000.

Thanks to equity who posted the Dain info yesterday morning confirming the expectations occasioned by the nice rise in the PM on the prior day. I was surprised that the market paused at the open and permitted limit orders at 7 5/8 to be filled. It seemed that the SI and RB board readers were one step ahead.



To: John Madarasz who wrote (9056)9/8/2000 11:02:43 AM
From: Thotdoc  Read Replies (1) | Respond to of 10081
 
Thank you for sharing your expertise with the board.

I have known little of charts and their meaning, but I do not disparage them--just a lack of knowledge.

I have been composing this letter for abou 30 minutes, asking you a series of questions, then realizing the answers and then deleting the questions.

In that process I came to realize that I had to learn how the charts work, because they do determine contextual changes that allows one to increase the probability of success in understanding, in a very concrete way, the very thing that I always wonder about: "Has something significant changed?...and if it has, how do I respond to it?"

Your message to us, changed my knowledge base and approach in a significant way.

I thank you, and, hopefully, my heirs will thank you.

G



To: John Madarasz who wrote (9056)9/9/2000 3:17:44 PM
From: Seconds Out  Respond to of 10081
 
John, I just finished an in-depth analysis of of your charts and technical indicators. Now that the Advil is kicking in, and my double vision is going away, I think I have reached a conclusion.

If we get more significant news, the stock will go higher, but not as high as it could go because the Preferreds are still selling off shares (but not for that much longer, I think). If we don't have anything significant in the coming weeks, we will go lower, but not as low as we could go because of the recent analyst coverage.

Other than that, you'll have to help me out as to what all that spaghetti means. :-)

Hope all is going well.

Seconds Out.