SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : General Magic -- Ignore unavailable to you. Want to Upgrade?


To: Ray Rueb who wrote (3530)8/23/1998 1:02:00 PM
From: cool  Respond to of 10081
 
format for link

#reply-5425805



To: Ray Rueb who wrote (3530)8/23/1998 5:47:00 PM
From: cdtejuan  Respond to of 10081
 
>>So, an investor would be buying on this dip and a speculator, like myself, will remain on the sidelines for now.<<

Depends on your guesstimate about what will be the lowest possible price in the next three months. I do agree that the next three months are times of uncertainty (not only) for the GMGC price. When you have decided to stay on the sidelines for now, does this mean that you wait for a price of under $4 ???
(you wrote in post #3375: >>5) Those damned convertible preferred shares. There is huge incentive for the stock price to be under $4 or over $18.<<)

While trying to evaluate the best buying price I decided for myself to place a buy order at $6. Though I do believe that we might see $ 5 as a intra-day low in the next 30 days, the investor side in me tells me that I can't go wrong at these levels. And as a little speculator I believe there is a substantial possibility that GMGC might reach $8 plus, what would be a nice little gain with a good chance to re-buy at $7 or less.

IMO the dip from $13 to $6,5 again added some short term speculator money into this stock. And that means huge volatility for GMGC.

Regards,
Juan



To: Ray Rueb who wrote (3530)8/23/1998 8:16:00 PM
From: Jerry Miller  Read Replies (1) | Respond to of 10081
 
"I have repeatedly tried to create links to my previous posts without success. Would someone please post the correct procedure for this"?

Hi Ray,

make sure "navigation" is "showing".
when navigation is on, the link to that post is always at the
bottom of that page.

...just highlight it.
then you can copy and paste it anywhere.



To: Ray Rueb who wrote (3530)8/24/1998 1:52:00 AM
From: up_tick  Read Replies (2) | Respond to of 10081
 
Ray,

I am completely out of this now. I have a Portico account that I am sharing with a few folks in the industry -- I don't think they have a hope in hell in breaking even. The technology works OK however there are so many limitations and rough spots that need to be smoothed.

It's also very pricey.

I think the only possibility that this has for shareholders is if GMGC does one of the following:

1) Figure out how to sell the system as a server to telcos rather than a service.

2) Work to acquire customers and sell them off at valuations we are seeing at TCI, Marcus and ISPs.

I rarely make $$ predictions, but I'm predicting this will hit $1 before it hits $10.