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

To: dirtroad who wrote (3155)	8/2/1998 5:05:00 PM
From: Kurt Goebel	Read Replies (3) \| Respond to of 10081

Dirtroad, great post I'm with you. My shares are staying put. Seven friends are with me too. We will be heavily buying. I've been thinking about what trust200 said. How are the shorts going to buy 3-4 million shares unless you hand it to them. They are going to have to compete with all the buyers that are going to come in to scoop up this oversold stock. Shorts will be climbing on each other to buy along with real buyers. That's exactly why the shorts are working so hard this weekend. People that are planning to buy are for the most part quiet as the better the price the better they like it. We had a huge rally with lots of volume Friday from 7 5/16 to 9. Expecting a repeat. Best of luck Kurt

To: dirtroad who wrote (3155)	8/2/1998 8:27:00 PM
From: luke womack	Read Replies (1) \| Respond to of 10081

kurt, I dont think we have met, but I must say your post was very encouraging. If we all sit down and use our heads and figure out that our best move from this point is to stay in if we are not already out. WE would be taking more of a risk to give up and pack our bags than to stick it out. As I have said before I subscribe to the "21st century Investor" newsletter. The editor is very knowledgeable and here is an email I received from him today... Re: General Magic (GMGC on the Nasdaq) Dips and triggers my $10.50 standing sell recommendation. Here's what to do next! Dear 21st Century Subscriber, General Magic has been sliding lower since Tuesday night when it released its earnings report - showing a 82-cent loss in the second quarter versus 25-cents a loss in the same quarter a year ago. This loss was incurred as the result of some extraordinary one-time expenses related to the issuance of some preferred stock earlier in the year. In addition revenues were off 69%, and expenses were inflated in the second quarter -- all the result of the company's preparing to launch Portico - General Magic's revolutionary new integrated voice and data service. In the July issue of 21st Investor which you should have received on Wednesday I recommended placing a $10.50 stop loss order to protect against a sudden drop. Today General Magic has dipped below as low as $7 5/16 a share. General Magic has now stabilized and currently trading for $8 a share. My sources are telling me sales of Portico look solid and the technology is sound. Today's dip is a buying opportunity. If you sold at $10.50 on my recommendation I recommend. Immediately buying half your shares back now -- paying up to $8.75 a share. I also recommend leaving a standing buy order for the other half of the shares you sold at $8.00 a share -- just in case we do get one more dip. If you didn't sell on my recommendation at $10.50 I recommend sitting tight. In the short-term (60-90 days) I see the downside risk to $7.50 a share and upside potential of $15 a share. Best Wishes, James DiGeorgia ******************************************************************************* remember..... these are just another mans opinions..... but he has been right on target very many times... Good luck to all and God bless smoo2001

To: dirtroad who wrote (3155)	8/3/1998 2:42:00 AM
From: Dan L. Jones	Read Replies (1) \| Respond to of 10081

Hey, this isn't a religious crusade, just a market of buyers and sellers. Those who buy now are at lower risk than those who bought at 14. Those who are timid and wait until it gets back to 12 or 13 won't make as much money. The rules haven't changed, and neither has the company or it's products. If you want to be on the long side, do you buy now at 8? or wait until maybe it goes to 6? Maybe it will pop back to 10 by Tuesday, maybe not. You decide. Short sellers made their money Friday. So what? Those who go in long may do well if they buy back in soon. It may go lower, maybe not. Forget the emotions of the day and put your strategy together and stick to it. Just my $.02