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

To: pgl52 who wrote (3106)	8/1/1998 1:31:00 AM
From: up_tick	Read Replies (1) \| Respond to of 10081

I disagree. I doubt the folks holding Class C shares are at work her. I think what is happening is that the market is getting smarter about what the are invested into. The wild expectations thatGMGC would get caught in the upward Internet stick cyclone just didn't happen. A lot of novice investors got drawn in and the smart money fleeced them today. It's pretty simple, look at the build up of short positions over the last 3 months. All this technical analysis and rationalization is pretty much useless -- too hard to apply to spec plays. What's even more amusing to me is the number of good quality warning postings on theYahoo boards. I think I've read every message there, I love the stockpigger posts - he hit the nail on the head this week. So, what will happen Monday and Tuesday? I suspect a ton of margin warnings went out today, its cover the margin or sell. My bet is another bloodbath on Tuesday.