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

To: Ray Rueb who wrote (3741)	9/22/1998 1:41:00 PM
From: Ray Rueb	Read Replies (2) \| Respond to of 10081

GMGC price musings From a private mail: << ok, some things are going on and you are very quiet on the thread. >> I'm actually spending 2 weeks at a client site in Florida finishing a product install and some training. << my inexperience tells me that tomorrow, wednesday, and possibly thursday after the full page ad in the WSJ will be nice up days. >> I believe we will get a nice pop up in price from the ads. << all the wisdom on the thread says buy on rumor, sell on news. >> That is NOT ALL THE WISDOM from this thread. Sea Otter seems timid right now, Seconds Out, Deep Research and I are bullish, Last I heard, Vin Wood was bearish. Seconds Out, Deep Research, Alex Glavinos and many others maintain long term positions. Sea Otter and I traded out of most or all our position, and are now slowly buying back in. I'm not sure Vin Wood has a position right now. So, there is a variety of advice on this thread right now. << is a press release considered news or is that reserved more for things like earnings news? >> Yes, news is news; they will both effect GMGC stock price. Look at the GMGC Calendar I occasionally post to see what I consider possible news and events likely to effect stock price. << also, at some point, someone is gonna start taking profits. there have been several consecutive up days, thurs, fri, and sat and i know that this is got to be good to someone. good enuf to take the money and run. >> Yes, Someone was buying at 4 1/2. I personally believe we will move up on the NY times advert, and then drop 10% to 20% until the pre-earnings run-up I expect to begin on Oct 12. I expect a big price move on the earnings announcement. EARNINGS MAY STILL BE "BAD". THERE IS GREAT RISK IN MY STRATEGY. I am buying now, selling on NY Times day, buying again starting 1 week later, selling on day after earnings. My plan, shhhh... keep it a secret. Good luck to all, Ray