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

To: John Madarasz who wrote (9720)	8/8/2001 1:39:05 PM
From: James Strauss	Respond to of 10081

Technically Speaking... ************************************* A nice move today on excellent news!!! Usually when you have a gap up in price you see the price drift back to fill it as short term profit takers leave... This means that a great long opportunity awaits those willing to buy the filling of the gap to the .85 area... GMGC should then move up above 1.00 again and begin testing the 1.10, 1.20, and 1.30 areas... This should put a lot of pressure on the large short position... We could see an old fashioned short squeeze that sends GMGC up to the 2.00 mark... During this period there will be time for GMGC to make other announcements... That should help it build a base in the 2.00 area for an assault on 2.50 and 3.00... It is becoming increasing clearer that GMGC will be a leading player in the pervasive booming voice applications business... Relationships with IBM, GM, Oracle and other giants of the corporate world and a new motivated management team, present an investment opportunity in the next great killer app where the stock price is low enough for a positive risk/reward outcome... Jim