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

To: Ray Rueb who wrote (3592)	8/26/1998 4:43:00 PM
From: Phone Cat	Read Replies (2) \| Respond to of 10081

Good analysis Ray. Bad bad day. I've relunctantly concluded that we're at the mercy of the larger market now. That means that the Russian financial crisis, or the situation in Japan, means more than any semi-news from gmgc. Smallcaps are just getting trampled. An accelerating dive - look at the broader averages. I'm really starting to wonder about this market, is anyone else feeling bad vibes? For magic, if it is really true that we got to wait till November or December for the good news, then we're toast until the end of the year. The market will pummel us. We need something to lift us up! I see two silver linings in the current situation. 1) It gives the brave a chance to get genmagic on the cheap. Execute another 10x return play! Not often you get to do this with a stock twice in one year. 2) The imploding canadian dollar means I can buy my BC beachhouse a lot more cheaply. Also, the exchange rate might keep up_tick from visiting us anymore.

To: Ray Rueb who wrote (3592)	8/26/1998 4:44:00 PM
From: Mike Gordon	Read Replies (1) \| Respond to of 10081

Ray, I know some very basic TA fundamentals - just enough to make me dangerous. My timing STINKS whether I look at the charts or not, so I usually don't even bother. My novice look at the charts shows some pretty solid support in the 4 to 4 1/2 range too. Today's bounce off of 4 3/4 may be worth something as well. Personally, I don't think it's a straight shot down to the 2's from here. My question for you is regarding November. Why November? Because of the impending media-blitz for pre X-mas? Just curious.