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: Mike Gordon who wrote (3658)9/1/1998 9:53:00 AM
From: Ray Rueb  Read Replies (1) | Respond to of 10081
 
RE: price predictions are colored by your individual bias

Oh, yes they are!

I have said that I'm currently too emotional about GMGC to trade it right now.
If anyone is daytrading out there,
they must be less emotional than me in order to be successful.

<< If the market doesn't revive, I think we'll re-test support @ 4.5, pop back into the $5 range, and then slowly start our recovery. >>

I disagree with a few things you're saying...
First off, GMGC doesn't follow the general market,
sometimes GMGC is the only stock on my watch list which is up.
Secondly, GMGC won't "slowly start a recovery",
like Sea Otter said, GMGC is like a coiled spring,
and will quickly move on the first sign of good news.

My plan is to buy some GMGC the first time it gets below $3.00.
My TA friend sayes 2 3/4 is a probable lowpoint.
I'm still looking for that lack of volatility indicator I like to see before big move up.

Good luck,
Ray



To: Mike Gordon who wrote (3658)9/1/1998 1:43:00 PM
From: Mark Oliver  Read Replies (1) | Respond to of 10081
 
<Given that the balls-out national ad campaign and general PR machine will be fired up in late September>

Where did you hear this? Sure, they said they were ahead of schedule and would start marketing in September, but I think this will have to be a very selective, well thought out campaign.

I believe this service will sell itself. People who call an 877 number and talk to Portico to get connected will be curious. People who get .wav files from Portico sent e-mail will be curious. I suggest at least 3 minutes of every new call contact that comes through Portico will involve people explaining the service to the caller. It's cool. People will want to know.

The advertising campaign should build on this. Personally, I would not like to see a Super Bowl type ad until GMGC is generating enough money to pay for it from subscriber income. That day will come, but for now they need to seed ideas.

I think the Portico Welcome Kit is very well done. It's friendly, confident and easy to read. It's a very good start.

For me, the need is to get decision making people of fortune 500 companies to try the system and then execute orders for their companies. These sales will be for 100's and 1000's of subscriptions at a time. I would like to see an announcement that a Microsoft or IBM have deployed the system to all management level people.

I would also like to see GMGC give subscribers some reward for selling the system to their friends. It would be nice to get 1 hour free service for example for a referal that signs up.

Anyway, if you have some substantial information about the plans to market Portico, I'd love to hear it.

Regards,

Mark

PS I like my Portico service. No complaints so far.



To: Mike Gordon who wrote (3658)9/1/1998 2:25:00 PM
From: Seconds Out  Respond to of 10081
 
I agree with you regarding the support level, as was witnessed last week, when the Nasdaq was 200 points higher than now and no news had yet come from GMGC.

I certainly won't try to predict world events.Barring a total meltdown of horrible proportions from these levels I believe we will see support occurring around 5 if we get there, and if that is pierced, then certainly around 3.75.

This is not based on TA. It is based on the pick up in support and volume that occurred last week once we dropped near and below 5.

It is also based on MFST buying in at 3.75, and the Preferreds' ability to convert at 5 which is "coincidently" 135% of MFST's investment.

Obviously, there is no science to this. It is just my opinion. I believe it is as valid as any other analysis that I have seen posted here to date.

Best wishes to all long term believers in the magic.

Seconds Out.