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Strategies & Market Trends : Charts for Bottom Breakout -- Ignore unavailable to you. Want to Upgrade?

To: Ed Huang who wrote (1517)	3/4/1998 11:35:00 AM
From: Mike McFarland	Read Replies (1) \| Respond to of 3105

Subject, trading GMGC, target on MINE. Ed,Thanks! That was fun, I had sold 3k shares at around 2 1/4 after the initial run up from the lows stalled, and then sold my remaining 5000 share today at 4 1/2. I see it is now up to $5 1/4, but my target was only 4...so will not look back! I thought MSFT's investment was a little puny, I'd have been a lot happier with a buy out by MOT or AT$T, but I'll take it. I came up with the target from one very intelligent sounding message on the GMGC thread which came up with $6 for a valuation. I figured a run from below 2 to 4 whould capture a resonable percentage of her guess, so the run from 1 3/8 to 4 1/2 was icing on the cake for me. With Microsoft's stamp of approval GMGC might be a good long-term hold, but like I said, cant look back, and I cant afford not to lock in gains. Taking profits while I am still learning to trade is the safest way I can pump up the balance in my IRA early (I'm 31 years) the better the curve will look thirty years from now, when I'll be in utilities or bonds! I cant give you a target for MINE, if the reserves estimates were correct this is the most insanely undervalued stock I have ever seen. But, it is much more speculative than General Magic! But, to try and answer your question...I will likely dump half of my 100k shares purchased at 7 cents when it gets to 14 cents. On the other hand, if it starts moving down again a nickle seems to be the spot to get out. Either way, all the move- ment should be on or around March 14th, stay tuned to the two MINE threads, and the sky is the limit if there is indeed decent gold concentrations--I mean this stock could go up 20 fold, just on the announcement. And on the other hand, if something sneaky is going on, you may not get out at any price. Subject 8334