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


To: Ray Rueb who wrote (3719)9/16/1998 10:15:00 AM
From: TIMBO  Read Replies (1) | Respond to of 10081
 
LOW VOLUME??????

From my guess, the way the whole market is, GMGC is still hanging in there....I've seen a lot of mutuals going into this stock.. Right now we are hibernating until fall arrives just around the corner....IBD still holds this stock @99....even though the EPS is at 29, only because of past earnings.....Money stream is still flat, but I think that will change very soon.....Big time players holding on for the long one....

I think we have a real winner here...I used to trade this stock daily, but not any more...I'm glad I got out before the big drop, But now I'm in for long....At this price, with this new technology( which believe me is the wave of the future) we are sitting on a gold mind.

Comments

Timbo



To: Ray Rueb who wrote (3719)9/16/1998 10:19:00 AM
From: james a gustino  Respond to of 10081
 
i must respectfully disagree with that portion of your post which predicts "a great earnings report due out october 22...."

dr. markman has consistently advised that revenues for this quarter will be "nominal."

i expect that statement to hold true.




To: Ray Rueb who wrote (3719)9/16/1998 12:49:00 PM
From: VinWood  Respond to of 10081
 
a great earnings report due out Oct 22,
Where did you get this information from? Earnings will probably be minimal, if any.

plus an announcement of subscriber numbers on the very same Oct 22...
This could hurt. I don't think people are tripping over each other in there eagerness to subscribe.

Really, what's the downside risk from here???
Could go back to $1, where I bought it in January.