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

To: David who wrote (3560)	8/25/1998 8:18:00 PM
From: up_tick	Read Replies (1) \| Respond to of 10081

You might look at it as manipulation, others look at an overvalued stock as an opportunity. GMGC fundamentals do not support a price of more than $1, any upside is from the anticipation that the company will make it big. As time goes by, several things happen: 1) the window of exclusivity shortens - other enterprising companies see the opportunity and rush in with confusing announcements 2) the high spec players leave because the return takes too long. 3) as people spend more time evaluating its value proposition the product becomes de-mystified. These are all are working to bring cap into its appropriate range.