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

To: shortlong2 who wrote (2547)	6/30/1998 1:17:00 AM
From: Ray Rueb	Read Replies (1) \| Respond to of 10081

RE: Day trading in GMGC. Hey, day trading is an honourable profession. I know lots of people who do it and I do it from time to time. Day traders add to the volume and liquidity of the market. Day traders don't create volatility, we feed off it. I frequently post how much I love volatility. This is a reflection of my personality. I feel very comfortable with chaos. I grew up with a Napoleonic step-father who was into control. I quickly found that in chaos, I ruled, not him. Please don't take the following as an attack, I'm just throwing spaghetti against the wall... it will only stick if you tell it to. I suspect that you fear the volatility in this stock because you are not comfortable with it. You prefer more stable, controllable things. Remember, day traders are with GMGC because it is volatile, we don't make it volatile. Also, most day traders are like me... we have substantial long positions and day trade a portion of our position only when we expect downward movements. ie: we sell first, and then buy later, hopefully at lower prices. I try to sell BEFORE the stock moves down. I buy WHILE it is moving down or if I see it moving up. I think this technique slows the downward movement of GMGC and accelerates the upward.

To: shortlong2 who wrote (2547)	6/30/1998 3:14:00 AM
From: Raven McCloud	Respond to of 10081

Thanks for the apology shortlong2. And thanks for your attempt at calling attention to what you thought was a con trying to pull the proverbial wool over GMGC investor's eyes. May we all learn through this discourse here; whether it be on the investment side and/or the emotional/psychological side. The best to you in all your investments. Raven PS Even if I wanted to effect the price of GMGC I couldn't. I'm only trading two or three thousand shares at any one time and I would venture to guess that many of the readers on this board are educated and savy enuf to not be dooped by any hypsters.