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

To: geo who wrote (3185)	8/3/1998 11:39:00 AM
From: Ray Rueb	Read Replies (2) \| Respond to of 10081

RE: would you have sold if you didn't have to cover? I don't really know. I'm advising my mother to take the bunker approach and wait it out. She is mentally prepared for the stock to actually hit $2.00 I hope it won't go much below the 5 3/4 support level, but I see a stong incentive in the market for this stock to hit 3.75 sometime around November. Then, in December, second quarter of up news, and good revenue. Boom town again. There is NOTHING from a business point of view to indicate that this company is anything but on track and will be successful. Right now we're headed towards being "over sold". If people like Amy are still buying, we are not over sold. Amy, this is not a slam at you! PLEASE BE CAREFUL!!!! Over sold will occur at or just above (20% above) a true low point and volatility will drop to zero. This is a slow motion train wreck for the next few months. You must decide 1 of 3 things 1) hold for 6 months minimum, more like 9 months to be back at 9. and take the chance that maybe I'm just panicing and we'll be back at 10 in a week. I think that possibility is remote. 2) sell now and hope for a buy in point. 3) dump and run. I am currently choosing option 2. I'm going to start with Gamber's anon. Option 2 may turn into option 3 for me.