Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: Mark Oliver who wrote (2370)	6/22/1998 9:18:00 PM
From: Ray Rueb	Read Replies (1) \| Respond to of 10081

RE: Am I doing TA or just guessing? <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? >> My expectation is based on staring at the 3 month and 6 month charts. Always, before the expected big moves, there was a run up followed by a small sell off. After staring at the charts for a couple of hours, at about 3am, I felt (in my gut) that GMGC would repeat history. From most perspectives, this is guessing; I call it Ray's version of Technical Analysis. I believe that inside of me there is a master magician who "takes care of me". The only problem is that sometimes my wizard is destructive rather than constructive. That is the struggle with me, am I destructive or constructive? Either way, I want to always put my money in line with my gut feelings. It has served me well so far. As far as my position is concerned, My account is worth what it is worth. If I'm short and GMGC goes up, then I buy back fewer shares. I haven't lost money, only a reduction in the number of shares, lesser leverage in my position, and missed out on possible gains. If I've guessed right, then I end up with more shares and greater leverage in my position. Either way, the important thing for me was to trust myself and my feelings. Let's see what tomorrow and Wednesday bring. Good luck to all. Ray