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

To: Nancy L. who wrote (3564)	8/25/1998 7:48:00 PM
From: Alan Edgett	Read Replies (2) \| Respond to of 10081

Nancy, Why would you hold if you thought you could double your position at $3? Personally, I've been trading GMCC at the 6's and 9's for the last few weeks, so I'm not in your boat, but FWIW I just re-initiated a position at $6 and don't think it will head much below 5.50. I'm a seller anything above 8.50 until December report, but if you really think we'll margin correct to $3 you should sell. Short interest doesn't support the theory IMHO. Converts not an issue for another two months, so I think we're o.k. for now. Good things coming outta Satchi, I hear. Good Luck, edge