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

To: Iraklis who wrote (2698)	7/8/1998 10:27:00 AM
From: JC	Read Replies (1) \| Respond to of 10081

I think GMGC will break out after its release, as high as 20 if it can keep conservative on it's signup of users and not outpace its infrastructure and planning. Just looked up PTEK, also a provider of universal messaging. They fell into the trap of outpacing themselves and now are involved in 4(?) class action suits for screwing shareholders while the execs bailed out at the top. Stock dropped from 32.13 to now 7.5. With PTEK out of the picture I think GMGC has better prospects, but it provides a great warning about overgrowing oneself! On another note.. I read through most of the posts on here.. (ok.. only about 1000) and still don't know for sure about the GMGC/Wildfire patent talks/suit? any info out there? Thanks for the help! And soon I'll even lose the (trail member)!!

To: Iraklis who wrote (2698)	7/8/1998 2:15:00 PM
From: TechTrader42	Respond to of 10081

Would it be accurate to say that if GMGC broke the resistance at 15 3/8 and then moved higher,say to the 18 - 20 range, that there's good chance that new support levels would be created at the old resistance levels of 15 3/8? In other words, if we (significantly) break 15 3/8, then 15 3/8 becomes ournew support level? I agree with you on this, Iraklis. I see the resistance level at about 15 3/8 now, and if the stock did manage to rise through it, I could see it going to 18 (and running into more resistance). But that may be wishful thinking for the time being. Right now, it has to close above the 9- and 21-day moving averages, which are slightly above 12 (12.1 and 12.226). Today it might just do that. And yes, a former resistance level does often become the new support level. Got any hot picks that aint a bit iffy? I sorta think that everyone has to find their own hot picks, whether through fundamental analysis or technical analysis (or a crystal ball). I've found that one of the worst ways to find stocks is to listen to "hot tips" -- particularly if the tipster is really confident and doesn't acknowledge that every pick can be "iffy." But that's just my view. I'm sure lots of people feel they get some good tips from other investors. Brooke