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

To: Mike Gordon who wrote (3586)	8/27/1998 1:20:00 AM
From: up_tick	Read Replies (2) \| Respond to of 10081

Mike, I am neither long or short - I'm on the sidelines now. I trade this stock. It's a perfect trader, lots of volatility, lots of small excitable shareholders, and lots of volume. I was in at <$1, then took all my profits at $4 (I missed the big ride up). I day traded from mid May to mid June, mostly on the long side as the stock had a hair trigger for news. After the shareholder meetings I noticed management start to clarify and manage expectations down (the controlled rollout speech) so I went short mid July in the high $13s on the expectation of a weak launch + bad earnings. I waited till post launch and covered at 9 1/4. I've traded a little since then, mostly off the bounce. I'll continue to trade it as long as the volume stays near 1M/day and the price bounces like silly putty. My footer would be 'trader'.