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

To: John Madarasz who wrote (9110)	9/22/2000 10:42:08 PM
From: Seconds Out	Read Replies (1) \| Respond to of 10081

John, you and I have both done nicely with our strategy of keeping a core position and trading in and out of a trading position during the volatility. We have discussed our shared belief in the long term prospects, and how to keep our sanity during the ebbs and flows until GMGC legitimately takes off, as I genuinely feel it will. A few times since this Spring we have had an opportunity to get paid for our patience (not to mention last fall). It helps the pain and suffering, though as I have said before, I will be happy to move ahead with my core position and never have the opportunity to get these short term payments again. I cannot debate your technical expertise. But, I do feel that GMGC can be driven by its own actions in defiance of the normal analysis. The timing of significant events, both positive and negative, coincides with much of the inflections in the stock's direction. The technical analysis may help to signal when things are running out of steam or bottoming our under normal conditions, but the actions of the Preferreds deciding to unload shares out of nowhere, an unanticipated announcement of a strategic alliance, analyst coverage, and/or customer announcements (maybe even with a nice cash payment) can turn this crazy stock around without regard to technical analysis unless the news is leaked. I feel that we have seen the bottom of this downturn. If we head back to the $5 point, I think we will see money stepping up to the plate again. There was every reason for GMGC to fall into the 4's this morning while the Nasdaq was getting crushed, but money showed up long before the Nasdaq recovered. My instincts tell me that we will see something positive occur before we see another negative. A lot of the positive momentum has been already sucked out of the stock over the last two weeks. I sense more neutral short term sentiment... so the stock isn't over-bought right now. Unless the Nasdaq collapses, I feel comfortable in having bought in the last few days in the 5's. The Nasdaq may have even seen capitulation this morning. If you are correct, I will be happy to share the opportunity with you. While I think we have an outside chance of seeing one more test, maybe a long shot of seeing the upper 4's, my much stronger sense is that this time we will have again bottomed out at a higher price than the previous bottom. Best wishes. Get some rest. I know the only thing keeping you up at night has nothing to do with GMGC. :-) Seconds Out.

To: John Madarasz who wrote (9110)	9/24/2000 1:44:34 PM
From: James Strauss	Read Replies (1) \| Respond to of 10081

Good post and good reasoning John... We've seen swings from the 5.00 area to the 7.00 to 8.00 areas... This looks like one of those times for another swing... We'll let the fundamentals take care of themselves... Friday showed me that GMGC was exhibiting strong Relative Strength to the Nasdaq all day long... A simple question of supply and demand... bigcharts.com The 2 year chart with the rising bottoms from June to the present suggest that the stock has been under accumulation... It's usually a bullish leading indicator for the future fundamental picture when the support areas keep rising... Jim