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

To: Ray Rueb who wrote (2369)	6/22/1998 1:07:00 PM
From: Mark Oliver	Read Replies (1) \| Respond to of 10081

<I expect the price to drop to 13 1/2 by tomorrow.> Is this just a TA prediction? How could you predict such a move? Regards, Mark

To: Ray Rueb who wrote (2369)	6/22/1998 1:11:00 PM
From: Sea Otter	Read Replies (3) \| Respond to of 10081

Ah Ray, such a trading animal. I in contrast continue to just hold my position, in my usual boring way. I'm doing an analysis of the MagicPhone. Very interesting, there are some points here that haven't been publicly discussed yet. In short, I think this is yet another huge boost for gmgc (long-term). Details forthcoming. I don't think you'll see 13 1/2 again, by the way. Sea Otter

To: Ray Rueb who wrote (2369)	6/22/1998 2:07:00 PM
From: d. alexander	Respond to of 10081

Ray, if the 13 1/2 is TA based, would really like to hear more. However, I suspect it's good reflexes & there's nothing you can do to quantify those :-) D.A.

To: Ray Rueb who wrote (2369)	6/22/1998 2:58:00 PM
From: Jerry Miller	Read Replies (1) \| Respond to of 10081

"On Thursday, I'm going to buy Jul 15 calls..." "On Friday, at 15 mins before close, I'm selling all options..." it sounds like you're playing the "spike up at 20" that you expect. ...but, if you wanted to play the product release on July 30th, and you had a plan that called for buying the August calls, on Thursday... would you still buy the 15s ? or would you buy another strike for that purpose ?

To: Ray Rueb who wrote (2369)	6/22/1998 4:07:00 PM
From: Saul H Rosenthal	Respond to of 10081

Ray, If the stock is up 7% on double normal volume, that hardly seems like a signal to sell out of your position. Perhaps you could explain your reasoning. I really would like to know. Saul

To: Ray Rueb who wrote (2369)	6/24/1998 1:43:00 PM
From: Ray Rueb	Read Replies (3) \| Respond to of 10081

Closing out short position and getting options quotes I closed out my short position at 14 1/4 for a 3/8 profit. I'm still betting GMGC will go lower by remaining in cash. I'm going to watch this afternoon closely. When it goes below 14, I'll start buying. If this stock performs like this tomorrow, the July 15 calls will be $1.00! My bookmark for getting options quotes for GMGC is: cboe.pcquote.com I'm going to hold onto $50,000 in cash to purchase the calls. I'm hoping for 300 contracts, but 500 would be better. ******************** UPDATE: Ameritrade will only let me purchase 100 contracts... I'll have to check with my other brokers and maybe use my mother's and father's accounts (which I wasn't planning to do). ******************** Good luck to all